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After all that, Tuesday was a much quieter day than Monday. Bankman-Fried seems to have worked a bit on his responses, providing slightly tighter answers than he had on Monday when responding to Assistant U.S. Attorney Danielle Sassoon. Still, he maintained roughly the same tone he had earlier in the
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FTX’s founder stuck to his guns on who to blame for Alameda’s spending and use of customer funds during the third day of his testimony in United States v Sam Bankman-Fried. Day 15 and Sam Bankman-Fried’s third day on the stand displayed numerous questions from assistant United States attorneys. Simultaneously, the
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United States v Sam Bankman-Fried continued its fourth week at trial with testimony from the FTX founder himself however, Judge Kaplan excused the jury until Oct. 27 to thrash out details of the defendants’ statements. What has been described by some as America’s largest crypto fraud case could come to a
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Disgraced FTX founder Sam Bankman-Fried (SBF) tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial's jury on Oct. 26.When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the
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The possible contents of Former FTX CEO Sam Bankman-Fried upcoming testimony have been outlined in a letter to Judge Kaplan by his lawyer, Mark Cohen.In the letter submitted by Mark Cohen, to inform the Court of their planned testimony during Mr. Bankman-Fried’s direct examination, the defense requested approval to obtain testimony
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Sam Bankman-Fried’s lawyers are planning to put forward an expert witness to counter testimony from former Alameda Research CEO Caroline Ellison and other witnesses about the extent of financial ties between FTX and the trading firm.In an Oct. 23 letter to New York District Judge Lewis Kaplan, Bankman-Fried’s attorneys said
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Sam Bankman-Fried Proposes Financial Expert as Witness to Rebut DOJ Testimony Original Source
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Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise. Source
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"Bankman-Fried relied on Ellison and he trusted her to act as the CEO and manage the day-to-day," Cohen said in his opening statement last week. "... As the majority owner of Alameda, he spoke to Ms. Ellison, the CEO, and he urged her to put on a hedge, something that
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Over the course of her first day of testimony, Ellison walked the jury through how Bankman-Fried, despite naming her (and for a spell, Sam Trabucco) as CEO of Alameda, still largely retained control over the firm's decisions, and how he disregarded her advice on issues like whether to expand FTX's
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