Live Updates: Sam Bankman-Fried Takes the Stand in His Fraud Trial Introduction The trial of Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, continues to unfold with unexpected developments. Bankman-Fried, 31, is facing seven counts of federal fraud and conspiracy in relation to the collapse of FTX and its sister trading […]
FTX’s Former Top Lawyer Testifies on Missing Funds Background In a stunning turn of events, Can Sun, the former general counsel of cryptocurrency exchange FTX, testified on Thursday at the fraud trial of FTX founder Sam Bankman-Fried. Sun revealed that Bankman-Fried had asked him to come up with “legal justifications” for why the company was […]
Star witness Caroline Ellison reveals shocking revelations about FTX founder Sam Bankman-Fried Testimony uncovers a web of crimes Caroline Ellison, the former tech executive who ran Sam Bankman-Fried’s hedge fund, testified in court on Tuesday, revealing a series of crimes committed under Bankman-Fried’s direction. Ellison confessed to fraud, conspiracy to commit fraud, and money laundering, […]
Star witness Caroline Ellison says FTX founder Sam Bankman-Fried hoped to be US president someday Overview of Testimony Caroline Ellison, a former tech executive and star witness in the trial against FTX founder Sam Bankman-Fried, revealed shocking details about his involvement in committing crimes before his cryptocurrency empire collapsed. Ellison testified that Bankman-Fried directed her […]
Sam Bankman-Fried’s Trial Highlights the Dark Side of the Crypto Industry The Spectacular Crash of FTX The trial of Sam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, is set to commence this week. Bankman-Fried faces a potential prison term of over a century if convicted of federal fraud and money-laundering charges. This high-profile case […]
Cryptocurrency Mogul, Sam Bankman-Fried, on Trial for Alleged Fraud Overview The trial of Sam Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, is set to begin today in New York amidst high stakes and international scrutiny. Bankman-Fried, once hailed as one of the most powerful figures in the cryptocurrency industry, is facing allegations of […]