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Sam Bankman-Fried considered selling FTX equity to Saudi crown prince, says Caroline Ellison

October 11, 2023 by DIGIT

Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy. Go to Source

Categories Court, ftx, Investments, Regulation, Sam Bankman-Fried, Saudi Arabia

Caroline Ellison provided 7 ‘alternative’ balance sheets hiding Alameda’s exposure to FTX

October 11, 2023 by DIGIT

The former CEO testified that she had provided SBF seven options for spreadsheets with misleading information on Alameda’s financials to present to Genesis lenders. Go to Source

Categories Court, Crimes, ftx, Law, Regulation, Sam Bankman-Fried

SBF’s lawyers ask court to allow introduction of Anthropic evidence

October 11, 2023 by DIGIT

Sam Bankman-Fried’s lawyers addressed Judge Kaplan in a letter to allow the defense to use evidence of its venture investment into Anthropic back from April 2022. Go to Source

Categories Court, department of justice, ftx, Sam Bankman-Fried, Trial

FTX co-founder Wang discusses plea deal, knowledge of financial concepts at SBF trial

October 10, 2023 by DIGIT

On the final day of his testimony, FTX co-founder Wang discussed talking to the feds and his interpretation of the “FTX is fine” tweet. Go to Source

Categories Cryptocurrency Exchange, Fraud, ftx, FTX Token, Sam Bankman-Fried, Trial

Sam Bankman-Fried aspired to become US President, says Caroline Ellison

October 10, 2023 by DIGIT

The former CEO of crypto exchange FTX also reportedly explored paying off Donald Trump from running for U.S. President again. Go to Source

Categories Court, Crimes, ftx, Regulation, Sam Bankman-Fried

Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial

October 10, 2023 by DIGIT

Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022. Go to Source

Categories Court, Crimes, ftx, Law, Regulation, Sam Bankman-Fried

SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

October 10, 2023 by DIGIT

Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers’ involvement in Alameda loan approvals. Go to Source

Categories Alameda, ftx, Gary Wang, Lawyers, legal, Loans, Sam Bankman-Fried

Binance tight-lipped on projects funded by $1B crypto recovery fund

October 10, 2023 by DIGIT

Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited. Go to Source

Categories Binance, ftx, Funding, Investments

Sam Bankman-Fried just like Bernie Madoff, Cardano founder says

October 10, 2023 by DIGIT

Charles Hoskinson likened SBF to Bernie Madoff the mastermind behind the largest Ponzi scheme in history, and says the media is giving him a ‘free pass’. Go to Source

Categories Cardano, Charles Hoskinson, ftx, Sam Bankman-Fried

Michael Lewis’ new book puts a positive spin on Sam Bankman-Fried

October 9, 2023 by DIGIT

Michael Lewis painted an overwhelmingly positive picture of former FTX CEO Sam Bankman-Fried in his new book, “Going Infinite: The Rise and Fall of a New Tycoon.” Go to Source

Categories Books, ftx, Going Infinite, Michael Lewis, Sam Bankman-Fried, SBF
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  • bitcoinBitcoin(BTC)$69,239.00-0.58%
  • ethereumEthereum(ETH)$2,052.681.09%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$644.66-2.35%
  • rippleXRP(XRP)$1.42-6.23%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$86.960.45%
  • tronTRON(TRX)$0.2756811.11%
  • dogecoinDogecoin(DOGE)$0.097650-1.82%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.30%