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Binance CEO Changpeng “CZ” Zhao reportedly declined to pay $40 million to former FTX CEO Sam Bankman-Fried (SBF) for a futures crypto exchange in March 2019, according to an excerpt from Michael Lewis’ book Going Infinite: The Rise and Fall of a New Tycoon.According to the book, SBF proposed a
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Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.Speaking to Cointelegraph just days before FTX founder Sam Bankman-Fried’s Oct. 3 trial, Aditya Baradwaj shared how the ideology played
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Lawyers for FTX founder Sam Bankman-Fried have filed a new request to temporarily release him from prison to prepare for legal battles. Defense attorney Mark Cohen asked Judge Lewis Kaplan, who is presiding over the case, to grant Bankman-Fried temporary release, stating that it’s necessary to prepare his defense. Lawyers asked
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Bankman-Fried’s dad, Joe Bankman, was paid a $200,000 salary by FTX’s U.S. division, according to the filing from FTX’s bankruptcy estate, which just sued the parents. But that wasn’t enough, he said, telling an FTX executive in a Jan. 12, 2022, message that he was supposed to get $1 million
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Potential jurors in the upcoming criminal trial of former FTX CEO Sam Bankman-Fried could be asked their thoughts on crypto, effective altruism and attention-deficit disorder as his lawyers want to weed out those they consider unsuitable.In court filings on Sep.11, Bankman-Fried’s lawyers and United States prosecutors separately filed their lists
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sam Bankman-Fried, FTX’s embattled founder, is reportedly planning to hire seven expert witnesses for his upcoming fraud trial at rates up to $1,200 per hour. According to a report dated Aug. 31, among the experts being considered
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Department of Justice (DOJ) has expressed reservations over the validity of FTX founder Sam Bankman-Fried’s legal strategy. In a legal document filed on Aug. 29, the Department of Justice’s lawyers have contended that Sam Bankman-Fried’s
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The lawyers representing the United States Department of Justice (DOJ) filed a new court document late on Aug. 29 arguing that Sam Bankman-Fried should provide additional disclosures to his planned defense. The document called the current proposed argument, which claims his lawyers approved of fraud allegations while he was still at
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Aditya Baradwaj, a former employee of Alameda Research, has come forward with allegations regarding his time working for FTX. Baradwaj took to social media platform X (formerly known as Twitter) on Aug. 23 to share his account
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His emerging strategy defense is certainly clever in theory, and aligns with some of the other messaging that SBF has been making since the spectacular collapse of FTX last November. The 31-year-old fallen crypto king has been presenting himself as young and hapless, too callow to have orchestrated any great
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