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Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam “SBF” Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself.According to reports from SBF’s criminal trial on Oct. 16, Singh said while Caroline Ellison and Sam Trabucco led Alameda, Bankman-Fried
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The second week of Sam Bankman-Fried’s criminal trial concluded with BlockFi CEO blaming FTX and Alameda for its bankruptcy. FTX founder Sam Bankman-Fried’s historical trial saw the end of its second week today. Throughout this week, the major key witness was Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of
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At Ellison’s direction, FTX executives Wang and Sing gathered data about Alameda’s accumulated borrowings that found the firm had withdrawn deposits amounting to over three-quarters of FTX customer total holdings, including over half of the ETH on the exchange and lesser amounts of customers’ USDT and BTC. A later witness,
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Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to bring up certain information from the crypto exchange’s terms of service during witness testimonies.In an Oct. 12 filing in United States District Court for the Southern District of New York, SBF’s legal team said the motion was aimed at addressing
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Sam Bankman-Fried’s trial enters into its seventh day, with witnesses testifying Alameda and FTX’s mishaps led to an industry-wide cascading effect. The 7th day of FTX founder Sam Bankman-Fried’s historic trial continues, as former Alameda CEO, Caroline Ellison is cross-examined by the defendant’s lawyers. Two other witnesses also testified today,
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On day 6 of Sam Bankman-Fried’s trial, Caroline Ellison revealed how the defendant forged several balance sheets to defraud lenders and bribed Chinese officials. The second week of FTX founder Sam Bankman-Fried’s continues, as former Alameda CEO Caroline Ellison testifies how SBF directed her to forge several balance sheets and
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"This witness who's on the stand made a personal investment in Anthropic and has knowledge of the company's investment in Anthropic, and so in the event that the Court deems this admissible, it might be an issue that we want to raise with her," said the prosecutor, Danielle Sassoon. "We
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Bankman-Fried’s girlfriend and Alameda’s ex-CEO took the stand on the second week of the trial, revealing that SBF used customer funds for political lobbying. The second week of FTX founder Sam Bankman-Fried’s trial kicked off at 10 a.m. New York time today, as the defendant’s ex-girlfriend and former Alameda CEO,
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Last week, during the first days of a trial that could extend six weeks, there was much rejoicing over the fact that SBF’s high-paid lawyers made an embarrassing initial showing. According to some estimates, District Judge Lewis Kaplan, a former prosecutor who is overseeing SBF’s case, rebutted 60% of attorney
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Executives scrambled to move over $1 billion worth of various assets to different storage devices as the exchange was getting drained of funds, ultimately managing to save the majority of the money. This means a majority of the exchange’s entire balance was at risk of getting stolen, as per the
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