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Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm's Matt Huang and Third Point's Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn't immediately receive the version of the indictment, they requested that too. And yet,
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The former FTX CEO is headed back to prison and
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Williams was on hand to watch some of the trial's highlights, including closing arguments and the reading of the verdict. He walked into the packed courtroom late Thursday wearing a tan peacoat and a tightly tailored suit. At times during the proceeding he smiled, including when Judge Lewis Kaplan discussed
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Former FTX CEO Sam Bankman-Fried has been found guilty of all of the seven charges in his criminal trial by a jury in New York.Bankman-Fried was found guilty of two counts of wire fraud and two counts of wire fraud conspiracy along with one count of securities fraud, one count
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Bankman-Fried, 31, was arrested last December and tried on allegations of defrauding FTX investors and customers, and Alameda Research's lenders. The once-prominent crypto exchange CEO pleaded not guilty to all charges, and went to trial at the beginning of October, where federal prosecutors sought to paint him as someone who
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Traders on crypto-powered Polymarket have bet a grand total of $4,512 on the question, underscoring the current limitations of prediction markets. Source
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Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions.As per the indictment from last December, Bankman-Fried faces a total of seven charges, including two
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A verdict in the SBF trial could come before the end of Thursday – on the first anniversary of the CryptoX scoop that caused his empire to crumble. Source
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Sam Bankman-Fried Demonstrates Ineffective Altruism at Its Worst Source
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Listening to the competing attorneys, it's not hard to see where the defense's key issues might be. Though the burden of proof is on the prosecution, the DOJ does have a very simple narrative: Bankman-Fried knowingly and willingly misappropriated customer funds, lied about it, spent the funds on all sorts
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