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A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution.The former FTX CEO is facing a
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The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO Sam Bankman-Fried (SBF).Accounts linked to FTX and FTX U.S. were drained off $600 million on Nov. 11, 2022,
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A pregnant physician’s assistant, a train conductor and a retired investment banker are reportedly among the 12 individuals who will eventually decide on the fate of former FTX CEO Sam Bankman-Fried.As per a report from Cryptox’s on-the-ground reporter Ana Paula Pereira, the 12 jurors were narrowed down from a list
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The Sam Bankman-Fried (SBF) trial’s first day ended with multiple jurors dismissed; selection will resume for another day before the trial starts. The U.S. District Court in New York aims to select 12 jurors and six alternates, with the process slated to finish on Oct. 4. Dismissals and delays Judge Lewis Kaplan dismissed
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The prosecuting attorneys in the criminal case against former FTX CEO Sam Bankman-Fried, also known as SBF, have started to call witnesses.According to an Oct. 4 X (formerly Twitter) thread by Inner City Press, the Assistant United States Attorneys presented testimony from a London-based cocoa broker named Marc-Antoine Julliard who
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The FTX app and terms of service both told customers that the money they put on the exchange was being kept for them "as if they were sitting right there" – but, in reality, Bankman-Fried diverted those funds to "smaller and secretive company" called Alameda Research and spent them on
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Prosecutors and defense attorneys in the criminal case of former FTX CEO Sam Bankman-Fried, also known as SBF, painted a very different picture for the jury to consider during the trial.In a New York courtroom on Oct. 4, Assistant United States Attorney Thane Rehn and SBF's attorney Mark Cohen delivered
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And, so it is with Sam Bankman-Fried. Turning up this week for his long-awaited trial on multiple fraud charges related to the collapse of FTX, the 31-year-old fallen crypto king gave the impression of someone who’d sobered up. He wore a gray suit, white shirt and striped tie. He tied
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A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange. Source
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“While the existence of a law might be relevant to establish a statutory duty of care, the absence of regulation is not relevant to whether money was, in fact, entrusted to the defendant’s care by his victims,” the DOJ filing said, adding that the existing criminal rulebook is sufficient. “There
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