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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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Former FTX Head of Engineering Nishad Singh said he "learned of a hole" in FTX's finances in September 2022, two months before the exchange filed for bankruptcy. Though he noticed around $8 billion missing from Sam Bankman-Fried's company, he nevertheless "green lit" transactions, which he "implicitly" knew had to have
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Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests. Source
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“However, as we approach the defense case and the critical decision of whether Mr. Bankman-Fried will testify, the defense has a growing concern that because of Mr. Bankman-Fried's lack of access to Adderall he has not been able to concentrate at the level he ordinarily would and that he will
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FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial.In an Oct. 15 letter to New York District Judge Lewis Kaplan, Bankman-Fried’s lawyers asked if Bankman-Fried could take a “12-hour extended-release 20mg dose of Adderall”
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Bloomberg is set to debut a documentary called “Ruin” on Oct. 25 via Bloomberg Television. The film delves into the story of FTX, a cryptocurrency exchange founded by disgraced Sam Bankman-Fried. It explores FTX’s journey to prominence, showcasing its innovative strategies, tactics, and eventual downfall. FTX’s rise and downfall “Ruin,” a feature documentary
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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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