Sam Bankman-Fried is set to wrap his testimony in his federal fraud trial Tuesday (Oct. 31). And as a report by CNBC notes, this will mark the FTX founder’s last opportunity to convince jurors of his innocence in what prosecutors say is one of the largest financial frauds in...
Four of Sam Bankman-Fried’s closest friends have testified against him in his criminal trial. Over the better part of four weeks, U.S. prosecutors have brought out witness after witness describing the various financial crimes that occurred at the collapsed multibillion-dollar cryptocurrency exchange FTX under the direction of the 31-year-old co-founder and...
Sam Bankman-Fried took the stand in a New York courtroom on Friday (Oct. 27) to defend himself against charges of criminal fraud. Cryptocurrency exchange FTX founder Bankman-Fried, who could potentially face a life sentence if convicted, denied the allegations leveled against him, CNBC reported Friday. During his...
Federal prosecutors rested their case against accused financial fraudster Sam Bankman-Fried on Thursday (Oct. 26). Now, nearly a full calendar year since his multibillion-dollar crypto trading empire collapsed under accusations of financial fraud and misappropriation of customer funds, the 31-year-old behind the cryptocurrency platform FTX,...
FTX founder Sam Bankman-Fried says the company’s ex-attorneys were central to its collapse last year. That testimony came Thursday (Oct. 26) afternoon during Bankman-Fried’s criminal trial, but outside of the jury’s hearing, Reuters reported. As the report noted, the one-time cryptocurrency wunderkind’s testimony is in...
FTX founder Sam Bankman-Fried is reportedly planning to testify in his own fraud trial. Bankman-Fried’s attorney revealed that information in a conference call Wednesday (Oct. 25), according to a report by NBC News. As this report noted, the decision is considered a risky one, as it will subject Bankman-Fried to...
Former FTX CEO Sam Bankman-Fried is enlisting the help of an expert witness to challenge the testimonies of key witnesses in his ongoing legal battle. Bankman-Fried’s legal team has brought in Joseph Pimbley from PF2 Securities, a litigation consulting firm, to provide expert testimony, Cointelegraph...
It is the end of the third week of Sam Bankman-Fried’s multibillion-dollar criminal fraud trial. The trial itself is approaching halftime, with the prosecution expected to rest its case next Thursday (Oct. 26), after a six-day break starting Friday (Oct. 20). The defense team for...
A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in the event of insolvency. In the ongoing fraud trial of Sam Bankman-Fried, the founder of FTX, Can Sun testified that the now-collapsed cryptocurrency...
