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As usual, Judge Kaplan sounded unimpressed by the defense argument, which Bankman-Fried's team had made before (including late Monday night). In short, the defense team has tried to argue that the terms of service are governed by English law, and therefore the jury should be instructed on it. Original Source
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The failed cryptocurrency exchange's founder has so far tried to present an alternative explanation of how one of the world's better-known trading platforms collapsed, suggesting it grew too quickly and without sufficient oversight or risk planning. However, prosecutors – led by Assistant U.S. Attorney Danielle Sassoon – have quickly sought
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There was a moment on Monday where an assistant U.S. attorney needed to ask FTX founder Sam Bankman-Fried if he was the chairman and sole board member of Alameda Research, while showing him a document that he signed, which literally identified him as the chairman and sole board member. And
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Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service.The proposal calls
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An observation from sleep-deprived day 15 of Sam Bankman-Fried’s criminal trial: prosecutors embrace the inevitable outcome of male pattern baldness; defense lawyers don’t. Original Source
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According to SBF, Ellison’s failure to hedge Alameda’s financial positions was a major contributing factor in the FTX’s financial troubles. In a dramatic turn of events at the ongoing criminal trial of FTX founder Sam Bankman-Fried, the renowned crypto entrepreneur pointed fingers at his former close associates, especially Caroline Ellison, his
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Sam Bankman-Fried will continue his defense Monday against allegations he committed fraud and conspired to commit other forms of fraud in operating FTX and Alameda Research. Source
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The first half of Friday's testimony was basically "A History of FTX, presented by Samuel Bankman-Fried." For those following the case over the past year, nothing new. For those of us who have been tracking FTX since its founding, maybe a bit of useful detail but basically really nothing new.
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FTX founder Sam Bankman-Fried testified before Judge Kaplan and a jury in a New York federal court claiming his team sometimes made decisions out of his purview and against his instructions. Following a fraught mock testimony for Bankman-Fried, Judge Lewis A. Kaplan of the Southern District of New York ruled to
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Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial Original Source
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