SBF trial day 9: FTX’s founder spent $1.3b on celebrity endorsements
Nishad Singh, former Alameda and FTX chief developer testified to $1.3 billion of customer funds invested in building…
SBF trial day 8: BlockFi’s Zac Prince blames FTX and Alameda for lender’s downfall
The second week of Sam Bankman-Fried’s criminal trial for fraud concluded with witness testimony from Zac Prince, whose…
SBF trial day 7: FTX lost $100m in Terra/UST crash
Defense attorney Mark Cohen cross-examined former Alameda Research CEO Caroline Ellison after the witness said Sam Bankman-Fried cajoled…
SBF trial day 6: FTX paid $100m in Chinese bribes to unfreeze $1b of investigated funds
Caroline Ellison, on day six of United States v Bankman-Fried, testified that FTX’s founder continued to lie to…
SBF trial day 5: “I’m gonna be a POTUS one day”, Caroline Ellison quotes FTX’s founder
Week 2 of Sam Bankman-Fried’s trial in New York continued after premiere witness accounts from SBF’s inner circle…
FTX adviser rescued $500m during November 2022 hack
Kumanan Ramanathan who worked for a legal firm consulting for Sam Bankman-Fried’s crypto exchange was able to safeguard…
Crypto firms assemble aid fund amid Israeli-Hamas war
Several web3 companies have banded together to open donations via the Crypto Aid Israel platform, pulling together resources…
SBF trial day 4: witness recounts Alameda’s $65b credit line and alleged unlimited FTX withdrawals
Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees,…
SBF will likely lose criminal trial, former SEC official believes
Former SEC chief of Office of Internet Enforcement John Reed Stark believes a federal court could ultimately convict…
Grayscale files to convert $5b Ethereum fund into spot Ether ETF
Grayscale Investment submitted an application with the Securities and Exchange Commission seeking to reshape its current Ethereum-based trust…