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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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"This is great, but it's not entirely straightforward because a lot of the solana is locked," Braziel said. "Some of it is being moved around, being staked and perhaps there are plans to explore selling some of it. Just like with Anthropic, it's fantastic news, but the estate has to
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"He came up with a tale," Roos said, asking the jury if they noticed how during cross-examination, Bankman-Fried couldn't remember details, whereas during the direct examination, he frequently described situations from his life. "You'd have to ignore the evidence to believe his story." Source
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As usual, Judge Kaplan sounded unimpressed by the defense argument, which Bankman-Fried's team had made before (including late Monday night). In short, the defense team has tried to argue that the terms of service are governed by English law, and therefore the jury should be instructed on it. Original Source
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The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1. On Day 15 of the SBF trial, lead defense attorney Mark Cohen's request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to closing arguments from both sides
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The failed cryptocurrency exchange's founder has so far tried to present an alternative explanation of how one of the world's better-known trading platforms collapsed, suggesting it grew too quickly and without sufficient oversight or risk planning. However, prosecutors – led by Assistant U.S. Attorney Danielle Sassoon – have quickly sought
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The initial phase of Hong Kong’s central bank digital currency (CBDC) pilot has concluded, showcasing potential advancements in digital finance, though leaving uncertainties regarding its full implementation and technological direction. Hong Kong has finished the first part of its trial for a CBDC. At this point, it is still not clear
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The trial of payment platform developer Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, and seven others got underway in Seoul Southern District Court in South Korea on Oct. 30, according to local news reports. Shin is accused of defrauding investors. Also at issue was whether or not
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Sam Bankman-Fried will continue his defense Monday against allegations he committed fraud and conspired to commit other forms of fraud in operating FTX and Alameda Research. Source
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Former FTX CEO and Founder Bankman-Friend takes the stand today, blaming Caroline Ellison for poor management in Alameda and admitting to political donations from customer funds. As the historic trial of FTX continues, Sam Bankman-Fried, the accused culprit and defendant, finally took the stand today at the Southern District of New
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