Opening arguments begin in Sam Bankman-Fried trial
“His girlfriend will tell you how they stole money together,” said Assistant U.S. Attorney Thane Rehn in an opening statement about the former FTX CEO. Go to Source
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5 highlights of Sam Bankman-Fried’s first day of trial
Potential jurors shared their mostly negative interactions with crypto investing, while a slim-figured former FTX CEO sat flanked by attorneys, noticeably void of his signature curly locks. Go to Source
SEC asks judge to reject Coinbase’s motion to dismiss lawsuit
The regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurrencies it sold were securities under the Howey test. Go to Source
FTX execs who pleaded guilty among names of potential witnesses in Sam Bankman-Fried’s criminal case
According to reports from the courthouse, Assistant U.S. Attorney Danielle Sassoon named Caroline Ellison, Gary Wang, and Nishad Singh among those who may offer testimony. Go to Source
Alex Mashinsky’s jury trial scheduled for September 2024
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings. Go to Source
As trial begins, Sam Bankman-Fried’s lawyers push to exclude testimony from FTX users
Sam Bankman-Fried’s legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets. Go to Source
Class-action suit filed against Binance for alleged harm to FTX before its collapse
A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange. Go to Source
Investors drop class-action lawsuit against Terraform Labs and Do Kwon
The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro. Go to Source
Book describes Sam Bankman-Fried with little attention span or respect for appointments
The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute. Go to Source
FTX’s $3.4B crypto liquidation: What it means for crypto markets
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability. Go to Source
