Sam Bankman-Fried has gone from the smartest one in the room to the most forgetful. This, as the 31-year-old cryptocurrency entrepreneur accused of orchestrating one of the largest financial frauds in American history took the witness stand for the fourth time, and the third juried time,...
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...
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...
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...
October 26, 2023
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 keeping with the defense’s case that Bankman-Fried operated in good […]
October 19, 2023
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...
October 05, 2023
Nearly a year after FTX’s collapse, the cryptocurrency exchange’s customers are still hurting. Some have formed support groups. Others, per a report Thursday (Oct. 5) by Reuters, have been victimized twice: once by...
