SBF Trial
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, 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…
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.
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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.
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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.”
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.
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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.
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.
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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, SBF will be taking the stand, along with a handful of other witnesses as the onus shifts toward the defense after the prosecution brought its case…
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.
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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’s downfall in November 2022. In recent weeks, all three parties took the stand to testify against Sam Bankman-Fried at his trial in…
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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 counts related to fraud and money laundering. Boroujerdi formerly served as the head of global securities research at Goldman Sachs. He testified that while he got…
SBF asked FTX general counsel to create ‘legal justification’ for using billions in customer funds amid collapse
Can Sun, former FTX general counsel, took the stand on Thursday to testify on behalf of the prosecution’s case against Sam Bankman-Fried. Sun has a non-prosecution agreement in exchange for…
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FTX misused customer funds, accounting expert who assisted in Enron prosecution testifies
The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at University of Notre Dame, testified…
Caroline Ellison explained how she cooked the books to make Alameda’s finances look a lot cleaner than they actually were.
Former Alameda CEO Caroline Ellison explains how FTX hid losses, sandbagged lenders
“We were in a bad situation,” Ellison said.
Alameda Research allegedly paid Chinese officials around $150M to regain $1B worth of exchange accounts
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 founders creating…
Alameda Research’s ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimes
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.
As SBF’s trial heads into its second week, here’s what we know so far
Here are the juicy details we gleaned from the first week of testimonies.
Crypto is about a lot more than a former golden boy turned villain
“Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall” by investigative reporter Zeke Faux has several chapters on FTX’s founder, Sam Bankman-Fried, but it’s also about crypto more broadly.
‘Marked to zero’: Paradigm testimony at SBF trial points to investor fraud
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 mogul defrauded…
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Alameda had a $65B line of credit and ‘unlimited withdrawals’
Alameda’s “unlimited funds” came from FTX customers, the crytpo exchange’s co-founder says on the stand.
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Was FTX an empire ‘built on lies’ or a startup that ‘grew too quickly’?
The criminal trial of Sam Bankman-Fried, former FTX and Alameda founder, completed its second day, including opening statements and witnesses.
The second day for Sam Bankman-Fried’s trial was filled with jury selection, opening statements and testimonies from the first two witnesses with connections to the FTX crypto exchange, with a…
US government confirms it didn’t offer any plea deals to Sam Bankman-Fried
It was a slow start to the six-week-long trial.
Former FTX CEO Sam Bankman-Fried’s trial begins Tuesday. Here’s what you need to know.
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SBF’s trial promises to be just as riveting as the rest of the FTX drama
‘If the SBF trial starts to look like the crypto equivalent of an organized crime trial, don’t be surprised.’
SBF, riding high on FTX, wanted to buy off Trump to cancel a presidential re-run
Come Tuesday, our eyes will be trained on the Manhattan Federal Court for the trial of Sam Bankman-Fried, the disgraced cryptocurrency entrepreneur accused of orchestrating “one of the biggest financial…
