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Sam Bankman-Fried’s historic trial has started today in New York City, as the former FTX CEO is set to be tried on seven different charges of wire fraud and money laundering. The historic trial of Sam Bankman-Fried, the founder of a crypto exchange FTX, has started today with jury selection.
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Many former executives with cryptocurrency exchange FTX or its sister companies are on the list to testify in the United States Justice Department’s criminal case against Sam “SBF” Bankman-Fried.During jury selection for SBF’s trial on Oct. 3, Assistant U.S. Attorney Danielle Sassoon said former Alameda Research CEO Caroline Ellison, FTX
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The book says Jump was “near the top” of the list of FTX’s 50 “biggest accounts whose owners had been unable to remove their money from the crypto exchange,” Lewis wrote. Jump Trading lost $206 million while its affiliated trading firm, Tai Mo Shan Ltd., lost more than $75 million,
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The criminal trial of former FTX CEO Sam Bankman-Fried (SBF) is currently underway in New York, and his legal team has filed motions aiming to ban testimony from users and investors in the exchange.In separate Oct. 2 filings in United States District Court for the Southern District of New York,
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The defense wants clarity about whether it can argue that FTX, a big crypto exchange that collapsed last year, was not regulated in the U.S., though FTX.US did follow applicable rules, according to a Monday filing. Other questions include whether Bankman-Fried would be able to discuss the possibility that FTX
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Brian Kim, a data analytics and forensics expert, may speak to internal messaging between Bankman-Fried and his employees at FTX and its sister companies. If he is called to the stand, he may testify on “the content, metadata, and file paths associated with Slack data and Google documents,” that allegedly
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In November 2022, hours after FTX and its related companies filed for bankruptcy, an unknown party managed to drain various wallets of as much as $600 million. About $26 million worth of ETH – 15,000 ether – sat in a single wallet until earlier this weekend, when a first tranche
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The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial might potentially elicit biased responses.In a court filing on September 29, lawyer Mark Cohen, who is representing Bankman-Fried, contends that the jury questions presented by
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The FTX founder, who has pleaded not guilty to charges including wire fraud and conspiracy, will go on trial next week in a New York City federal courtroom. The jury for the case will consist of 12 randomly selected New York State residents and two alternates. CoinDesk spoke with several
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During a hearing earlier Thursday, Judge Lewis Kaplan, who is overseeing the trial, asked the prosecution and defense to estimate how long they expect their respective cases to last. Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated their case taking four to five weeks. Mark Cohen, representing
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