Sam Bankman-Fried will take the rare, and potentially precarious, step of testifying on his own behalf at his ongoing criminal fraud trial, The New York Times reports. Bankman-Fried’s lawyer, Mark Cohen, confirmed the embattled FTX founder’s plan to testify during a recent hearing with prosecutors and the judge overseeing the …
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On a Wednesday afternoon in SDNY’s courtroom 26A, Caroline Ellison cried on the witness stand after reading a text message she had sent to Sam Bankman-Fried last November. It was Ellison’s second day of testimony against Bankman-Fried, her former boss and boyfriend, who faces seven counts related to fraud. “That …
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Disgraced crypto magnate Sam Bankman-Fried considered paying Donald Trump in exchange for his stepping away from the 2024 presidential race, per a new report. According to an excerpt from Michel Lewis’ upcoming book, Going Infinite: The Rise and Fall of a New Tycoon, which was published in The Washington Post, …
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The collapse of Sam Bankman-Fried’s $40 billion crypto empire shocked the world with its speed and scale. In mere days, the company he founded, FTX, fell from its perch as a top cryptocurrency exchange and filed for Chapter 11 bankruptcy. Customers who deposited funds on FTX — sometimes their life …
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The inside of the $40 million Bahamas penthouse where Sam Bankman-Fried lived was like a cross between a luxury dorm room and a jury-rigged trading floor. The curved marble living room was rimmed with computer desks, each supporting various configurations of conjoined monitors. Kitschy beach-themed decor lined the built-in display …
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Sam Bankman-Fried, the disgraced wunderkind whose cryptocurrency exchange platform FTX imploded last November, will go from house arrest at his parents’ home to jail, a judge has ordered ahead of his trial on fraud charges. In a Friday hearing, Judge Lewis Kaplan of Federal District Court in Manhattan formally revoked …
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Federal prosecutors are accusing embattled crypto honcho Sam Bankman-Fried of leaking documents about his ex-girlfriend and business partner Caroline Ellison to the press in an alleged effort to taint the prospective jury pool. The filing issued Thursday, July 20, alleges that Bankman-Fried was a source for a New York Times …
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T here was a moment, late last fall, when Changpeng Zhao seemed like the smartest guy in crypto. The news was sudden and definitive: Binance, Zhao’s international trading post, announced plans to buy its biggest rival, FTX, led by the young American Sam Bankman-Fried, or SBF. It looked like a …
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Sam Bankman-Fried previously pleaded not guilty to eight criminal charges in connection to the collapse of FTX, the cryptocurrency exchange of which he was the cofounder. On Thursday, Bankman-Fried pleaded not guilty to an additional five counts, according to The Daily Beast. During the original hearing in January, as The …
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Caroline Ellison, CEO of Alameda Research, a privately-controlled hedge fund owned by Sam Bankman-Fried, and Gary Wang, co-founder of FTX, both pleaded guilty to criminal charges, U.S. Attorney Damian Williams said Wednesday, according to ABC. According to newly unsealed court documents, Ellison, who dated Bankman-Fried, pleaded guilty to conspiracy to …
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