Before sentencing, Bankman-Fried acknowledged in court that he made a "series of bad decisions," but argued they were not "selfish" ones.
Assistant U.S. attorney Nicolas Roos stood in front of jurors from 10 a.m. ET until the court broke for lunch around 1 p.m., reiterating the prosecution’s case: Bankman-Fried lied.
Bankman-Fried was seemingly incapable of answering the prosecution's questions clearly, or speaking plainly about his activities when he was CEO of FTX.
Contrary to the picture prosecutors tried to paint, Bankman-Fried insisted that he was not involved in the day-to-day trading operations of Alameda or its “core operations.”
Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, accord
The accounts were reopened to Alameda after Ellison made about $100 million to $150 million in payments of “crypto transfers” to accounts.
On January 14, 2022, former crypto mogul Sam Bankman-Fried tweeted: “First, we’re launching a $2 billion venture fund, FTX Ventures. As a founder, it’s important to support other fou
Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried’s six-week trial.
The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogu
Alameda's "unlimited funds" came from FTX customers, the crytpo exchange's co-founder says on the stand.
The criminal trial of Sam Bankman-Fried, former FTX and Alameda founder, completed its second day, including opening statements and witnesses.
When it turns out a screaming success was no more than smoke and mirrors, it means that a key signal in the tech startup market was actually quite specious.
The Block, a crypto-focused publication, received millions in loans from disgraced FTX founder Sam Bankman-Fried.
FTX and Alameda Research had their hands in a bunch of different startups. The depth of its roster of investments wasn’t very transparent until now.
Sam Bankman-Fried said on Thursday that he will be winding down the trading firm Alameda Research and is attempting to raise liquidity for the troubled FTX International, as he scrambles to keep the w
Voyager Digital, a high-profile crypto broker, has filed for bankruptcy, citing market volatility and the surprising collapse of Three Arrows Capital, just weeks after it suspended withdrawals, tradin
Blockchain and other web3 projects are racing to reach developers, hosting hackathons, bandying out grants and offering other perks to lure those who can build. But they currently don’t have the ban
As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand. New projects are aiming to tackle issues like notoriously high energy use, hefty
Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion, aggressively expands its portfolio of Ethereum scaling solutions and works to attr
Crypto.com, a popular cryptocurrency exchange, has extended its venture arm’s fund size to $500 million as it looks to more aggressively back early-stage startups to help the nascent ecosystem g
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