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...
Sam Bankman-Fried’s multibillion-dollar criminal financial fraud trial is nearing its halfway point. And Nishad Singh, the former engineering director at the since-imploded FTX cryptocurrency exchange, wilted somewhat under cross-examination on Tuesday (Oct. 17), the second and final day of his witness testimony in the trial...
One billion dollars is a lot of money to spend. But it reportedly took FTX’s 31-year-old co-founder and former CEO, Sam Bankman-Fried, barely two years to burn through more than that 10-figure amount on celebrity endorsements and sponsorship deals for his failed cryptocurrency exchange. Only...
Disgraced FTX CEO Sam Bankman-Fried pleaded for access to his long-release Adderall in a late-night plea to U.S. District Judge Lewis Kaplan Sunday, per a CNBC report Monday (Oct. 16). The controversial trial, which is ongoing in federal court in New York, stands to decide the future...
October 06, 2023
Sam Bankman-Fried allegedly lied about many things over the course of his cryptocurrency exchange’s collapse. But when the since-indicted FTX co-founder first heard about the $8 billion deficit that would later sink his crypto empire, all he said was “that sounds correct.” And despite being aware of the multi-billion-dollar deficit at Alameda Research and FTX, […]
October 16, 2023
Disgraced FTX CEO Sam Bankman-Fried pleaded for access to his long-release Adderall in a late-night plea to U.S. District Judge Lewis Kaplan Sunday, per a CNBC report Monday (Oct. 16). The controversial trial, which is ongoing in federal court in New York, stands to decide the future of Bankman-Fried and whether he may spend the rest of […]
September 21, 2023
Sam Bankman-Fried, is facing a series of setbacks as he prepares for his upcoming fraud trial. The FTX founder’s request to be released from jail ahead of the trial has...
September 07, 2023
Former FTX executive Ryan Salame reportedly plans to plead guilty to criminal charges related to the collapse of the cryptocurrency exchange. This development comes just weeks before the trial of FTX co-founder...
August 01, 2023
FTX’s plan for paying back its creditors could leave holders of its FTT coin with nothing. The repayment plan, filed late Monday (July 31) in federal bankruptcy court, recommends settling customer claims in...
