Results for "ftx"

Sam Bankman-Fried’s trial enters into its seventh day, with witnesses testifying Alameda and FTX’s mishaps led to an industry-wide cascading effect.

Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX.

Former Alameda Research employee Aditya Baradwaj provided an inside look at the lack of risk management policies and procedures at cryptocurrency exchange FTX and trading firm Alameda Research.

On day 6 of Sam Bankman-Fried’s trial, Caroline Ellison revealed how the defendant forged several balance sheets to defraud lenders and bribed Chinese officials.

Caroline Ellison, on day six of United States v Bankman-Fried, testified that FTX’s founder continued to lie to the public while liquidity and assets dried up behind the scenes.

Week 2 of Sam Bankman-Fried’s trial in New York continued after premiere witness accounts from SBF’s inner circle as federal prosecutors pointed the jury to alleged fraudulent schemes masterminded by the FTX founder himself.

Bankman-Fried’s girlfriend and Alameda’s ex-CEO took the stand on the second week of the trial, revealing that SBF used customer funds for political lobbying.

Kumanan Ramanathan who worked for a legal firm consulting for Sam Bankman-Fried’s crypto exchange was able to safeguard up to $500 million of customer funds on the day hackers attacked FTX.

Prosecutors have called for excluding details concerning Anthropic’s recent fundraising activities in the ongoing trial of FTX founder Sam Bankman-Fried. The DOJ and the defense have agreed on several issues that may be raised during witness testimony. However, they remain…

Caroline Ellison was CEO at FTX’s sister firm, Alameda Research, as well as Sam Bankman-Fried’s ex-girlfriend. The 28-year-old is expected to take the stand after FTX co-founder Gary Wang.

According to reports, the FTX attacker had previously preferred THORSwap, but it entered maintenance mode on Oct. 6 in order to stop any additional potential illegal activities.

Caroline Ellison, along with former FTX CTO Gary Wang, pleaded guilty in December. Since then, they have been working with the U.S. attorney’s office in Manhattan.

Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF’s trial day 4.

Ex-FTX founder Sam Bankman-Fried’s trial reached its third day on Oct. 5 in New York, where the prosecutor questioned Adam Yedidia

Adam Yedidia, Sam Bankman-Fried’s MIT buddy and former FTX developer, resumed his testimony under immunity on Oct. 5 in SBF’s trial

Sam Bankman-Fried’s trial has entered its third day, as the FTX founder is facing seven different charges of wire fraud and money laundering. After jury selection ended on day 2, both sides geared up with key witnesses to present their case. 

The recent surge in Anthropic’s valuation, following a new funding round, could spell financial recovery for FTX creditors.

Alameda Research used a secret backdoor in FTX to withdraw billions of dollars of customer funds, and some of the exchange’s employees were aware