House of cards, web of lies, and now “pyramid of deceit.” Those are all terms used to describe Sam Bankman-Fried’s multibillion-dollar FTX crypto empire, the latest descriptor coming Wednesday (Nov. 1) during the federal prosecution’s closing arguments in Bankman-Fried’s fraud trial. The 31-year-old disgraced crypto...
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...
It is the first day of the rest of FTX co-founder Sam Bankman-Fried’s life. And he even looks a little different. The one-time paper billionaire and crypto entrepreneur showed up to the first day of his criminal trial on Tuesday (Oct. 3) sporting a clean...
It took around five days for the cryptocurrency exchange FTX to implode last November. It will take around five or six weeks for the founder of the failed exchange’s criminal trial to play out, where his guilt in misappropriating the billions of customer funds that...
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 01, 2023
When Sam Bankman-Fried heads to trial, his former customers will likely testify against him. Bankman-Fried, founder of the bankrupt cryptocurrency exchange FTX, will go on trial this week for allegedly masterminding...
