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The answer is quite a lot. In the first day of what’s sure to be a lengthy testimony, Caroline gave the jury a methodical tour of the crypto loans that felled Alameda, FTX and the exchange’s customers, investors and lenders. By her account, it was all about appearances. She discussed
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Ellison, who led Alameda Research, said SBF asked her to commit money laundering and fraud by faking figures submitted to investors. The former CEO of Alameda Research Caroline Ellison has testified against former FTX CEO Sam Bankman-Fried (SBF) in the ongoing trial. While testifying as the fifth witness for the prosecution,
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Day six of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things.According to Inner City Press on X (formerly Twitter), Assistant United States
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Sam Bankman-Fried’s legal team is looking for permission to probe the alleged involvement of FTX lawyers in the issuance of $200 million worth of loans from Alameda that were approved by Gary Wang.As previously reported in the build-up to the highly anticipated trial, an Oct. 1 court ruling provisionally barred
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The hacker responsible for stealing over $400 million from FTX and FTX US in November could be using the hype around Sam Bankman-Fried’s fraud trial to further obfuscate the funds, says CertiK’s director of security operations Hugh Brooks.Only days before the start of Bankman-Fried's criminal trial, the FTX hacker, known
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The crypto industry has rapidly shifted from the periphery to the forefront in D.C. in a remarkably brief span. The sector has established a host of trade associations, think tanks, and political action committees, enlisted a significant cadre of seasoned lobbyists, and formed in-house policy teams. These initiatives have attracted
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Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane
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I have spent the last two years writing a new book, “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” shining a light on the ways in which citizens, entrepreneurs, creators and business leaders are being impacted by Web3. I have reached a different conclusion: If Web1 and Web2 democratized
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Lewis contrasts SBF, the ascetic, with another male character, whom he compares to “every guy in crypto,” someone who cares about sports, cars, and women. This is one of many sweeping generalizations about the motives of individuals working in the crypto industry, who, if driven by something other than lust
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Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder and managing partner of crypto investment firm Paradigm.The sudden collapse of FTX saw more than a few investors burned, with Paradigm joining a number of venture capital firms including Sequoia,
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