FTX

TechCrunch Minute: Sam Bankman-Fried’s sentencing marks an end to the FTX saga

After a lengthy trial and conviction, we finally learned how long former crypto baron Sam Bankman-Fried will be behind bars: up to 25 years. It’s a lengthy sentence, but one that given the scale

SBF’s prison sentence marks the end of the crypto grift era — so what’s next?

Nearly everything else that's being built on or enabled by blockchains replaces something that's already being done fairly well.

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

Before sentencing, Bankman-Fried acknowledged in court that he made a "series of bad decisions," but argued they were not "selfish" ones.

Rails launches with $6.2M round for its decentralized FTX alternative

Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup’s co-founder and CEO Satraj Bambra exclusively told T

How crypto exchange Backpack climbed its way to success after its major investor FTX died

Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic

Prosecutors will likely proceed with SBF’s second trial in March

Bankman-Fried won’t be sentenced till March, but he also has a second trial where he faces additional charges, including for foreign bribery.

Sam Bankman-Fried found guilty on all seven counts

Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts related to fraud and money laundering. The defenda

SBF’s trial is coming to a close — here’s what you missed

Welcome back to Chain Reaction. It’s week five of the Sam Bankman-Fried trial and a lot has happened for the former CEO of FTX.

SBF’s prosecutors emphasize the case is not about crypto: ‘It’s about lies. It’s about stealing, greed.’

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.

SBF said nothing and everything in his testimony, all at the same time

Bankman-Fried was seemingly incapable of answering the prosecution's questions clearly, or speaking plainly about his activities when he was CEO of FTX.

SBF’s defense puts forth a 35-minute last-ditch effort to show his goodwill

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.”

Prosecution tries to paint Sam Bankman-Fried as a liar

The prosecution brought up a number of Bankman-Fried's statements, videos and interviews, both before and after he stepped down as CEO of FTX.

Sam Bankman-Fried says he didn’t defraud FTX customers or take their funds

“I made a number of small mistakes,” Bankman-Fried said Friday. The main one being not having a risk management team at FTX.

Sam Bankman-Fried takes the stand, but without jurors

The judge sent the jury home. He first wanted to review Sam Bankman-Fried's comments before determining whether that testimony could be shared with jurors.

SBF testifying, bitcoin rises amid spot ETF speculation and Walmart’s web3 accelerator surfaces

It’s week four of the Sam Bankman-Fried trial…and he’s taking the stand today at 2 p.m. So keep an eye out for additional coverage. 

SBF trial: Everything to know from the FTX courtroom ahead of his testimony

The trial of Bankman-Fried, the former CEO and co-founder of collapsed crypto exchange FTX, is entering its next chapter as proceedings resume Thursday. As confirmed during a teleconference Wednesday,

As SBF plans to testify, former SDNY federal prosecutor sees it as a ‘Hail Mary’

Bankman-Fried testifying comes with risk of more evidence mounting against him.

Ex-SDNY prosecutor says Caroline Ellison, Gary Wang and Nishad Singh probably won’t get jail time

Gary Wang, co-founder and CTO of FTX; Caroline Ellison, CEO of Alameda; and Nishad Singh, FTX head of engineering, all pleaded guilty to charges a month after the crypto exchange and sister company’

Third Point managing director doubles down on SBF investor fraud in trial testimony

Robert Boroujerdi, managing director at Third Point, testified on Thursday at Sam Bankman-Fried’s trial in assistance with the government’s case to try and find the defendant guilty on seven count

SBF trial brings in FTX exec and experts, NY AG sues three crypto firms for fraud, Reddit kills blockchain program and FTC sues bankrupt Voyager

Welcome back to Chain Reaction. It’s week three of the Sam Bankman-Fried trial…how are you holding up?
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