
The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.
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A 75-minute recording, obtained by Cointelegraph, shows the exact moment former Alameda Research CEO Caroline Ellison told employees about their use of FTX customer deposits.
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FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange.
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Matt Huang said he was led to believe that Alameda Research was not being provided any special treatment by FTX.
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Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence of Bankman-Fried’s political donations in his upcoming fraud trial.
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Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense.
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