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Ellison was far from an unwitting front-person during her time at Alameda, said Mark Cohen, Bankman-Fried’s lead attorney, in his opening argument in defense of Bankman-Fried. Instead, she was firmly in control of the reins at the trading fund – and her poor leadership, according to Bankman-Fried’s lawyers, is what
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Former FTX CEO Sam "SBF" Bankman-Fried has been on trial since Oct. 3 in a federal court in New York, accused of seven counts of fraud and conspiracy to commit fraud on FTX investors and customers. As expected, the Department of Justice (DOJ) is employing a forceful legal approach to
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XRP holder's attorney and crypto advocate John Deaton criticizes supporters of former FTX CEO Sam Bankman-Fried (SBF) during his ongoing trials related to the collapse of their crypto venture.Deaton expressed on his official X platform that individuals characterizing Sam Bankman-Fried as a well-intentioned individual who made "errors" and attributing the
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Ex-FTX founder Sam Bankman-Fried’s criminal trial entered its third day on Oct. 5, with proceedings resuming at 10 a.m. in New York. During this session, the prosecutor continued to question the second witness, Adam Yedidia. Yedidia is a close college friend of Sam Bankman-Fried (SBF). They both went to MIT together,
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“Yesterday, following a careful evaluation of the situation and consultation with advisors, legal counsel, and law enforcement, the decision was made to temporarily transition the THORSwap interface into maintenance mode,” THORSwap developers said in a tweet. Original Source
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Sam Bankman-Fried’s trial has entered its third day, as the FTX founder is facing seven different charges of wire fraud and money laundering. After jury selection ended on day 2, both sides geared up with key witnesses to present their case. Senior District Judge Lewis A. Kaplan is presiding over the
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Sam “SBF” Bankman-Fried’s two multimillion-dollar luxury jets are now subject to forfeiture, according to a filing from the United States Department of Justice (DOJ) on Oct. 4. The document states the possibility of forfeiture comes as a result of the “offenses described in Counts One through Four and Seven of Indictment
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The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX. Original Source
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FTX founder Sam Bankman-Fried’s criminal trial for fraud resumed at 10 a.m. New York time, as Federal Judge Lewis A. Kaplan moved to conclude jury selection and hear opening statements from attorneys on both sides. Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas
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The high-profile trial of former FTX CEO Sam Bankman-Fried kicked off on Oct. 3 with plenty of activity both inside and outside of the cramped Manhattan courtroom.Journalists, crypto influencers, and other gawkers reportedly gathered in a media overflow room to take notes of the day's events. Here are some of
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