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Lawyers representing former FTX CEO Sam “SBF’ Sam Bankman-Fried conducted their cross-examination of Nishad Singh, pressing the former engineering director on events leading to Alameda Research using funds from the crypto exchange.According to reports from the courtroom on Oct. 17, Singh admitted “there was a lot” he didn’t remember from
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Sam Bankman-Fried's former colleague, Nishad Singh, will have to answer questions from the FTX founder's lawyer about the last few years of the exchange's operations. Source
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Nishad Singh told a jury on Monday that his September meeting with Bankman-Fired was the first time he realized that Alameda, FTX’s sister trading firm, had spent billions of dollars of FTX user deposits, and had left a gaping hole in both companies’ balance sheets. Original Source
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Former FTX’s head of engineering Nishad Singh spills the beans over reckless expenditure of customers’ funds by Sam Bankman-Fried. He also admits to being part of these crimes. During his trial at the Manhattan Federal court on Monday, October 16, FTX chief of engineering Nishad Singh disclosed the reckless spending
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On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but
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A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were misappropriated. Source
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Bitcoin (BTC) failed to hit $100,000 during the 2021 bull market because defunct exchange FTX kept selling BTC, analysis claims.In an X post on Oct. 12, Joe Burnett, senior product marketing manager at Bitcoin financial services firm Unchained, joined voices arguing that FTX executives suppressed BTC price strength.FTX testimony reveals
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Ultimately the truth did come out, killing FTX, Alameda, their lenders, investors and customers, and sparking criminal investigations into Caroline and the other members of Sam’s inner circle. She said her house was raided by the FBI before she began cooperating with prosecutors – a contrast to the quiet coder
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Caroline Ellison, the former romantic partner of embattled FTX founder Sam “SBF” Bankman-Fried and former CEO of Alameda Research, has claimed in her courtroom testimony that SBF bribed Chinese officials for millions of dollars to unfreeze funds locked in local exchanges. In her Oct. 11 testimony, Ellison said there was $1 billion
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Weeks and months before the collapse of crypto exchange FTX, former CEO Sam Bankman-Fried was “freaking out” about Alameda, buying shares in Snapchat, raising capital from Saudi royalty, and getting regulators to crack down on rival crypto exchange Binance. So was written in former Alameda Research CEO Caroline Ellison’s personal notes about FTX
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