In a testimony without the jury present, SBF says he followed the counsel of lawyers to make critical decisions around passing FTX customer money to Alameda
Former crypto billionaire blames lawyers as court hears first snippets of testimony without jury present
A live blog of Sam Bankman-Fried's testimony in front of a jury at his criminal fraud trial in NYC over the collapse of FTX
given how today's testimony went even with limited ammunition from prosecutors, it seems disastrous to allow SBF to undergo cross-examination in the presence of a jury Jacob Silver...
In five hours of cross-examination, SBF's lawyer did not elicit any revelations or inconsistencies from Caroline Ellison, who said SBF made “terrible mistakes”
because SBF had over $10 billion in assets in FTX equity. Teddy Schleifer / @teddyschleifer : But shortly before 3 p.m., Caroline Ellison left the courtroom. She did not make any e...
In five hours of cross-examination, SBF's lawyers did not elicit any revelations or inconsistencies from Caroline Ellison, who said SBF made “terrible mistakes”
Mr. Bankman-Fried's lawyers sought to poke holes in Ms. Ellison's testimony, but her account remained largely consistent.
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance
- After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home
Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
Sam Bankman-Fried appears in NY federal court charged with wire fraud and other crimes; a judge grants a $250M bail confining him to his parents' Palo Alto home
Sam Bankman-Fried will be released on a $250 million bond package while he awaits trial on fraud charges related to the collapse …
Crypto prices sink, with bitcoin down 5%+ to under $16K and ether down ~7% to ~$1.1K, rocked by the FTX saga, hacker offloading ether, and potential contagion
Sunil Jagtiani / Bloomberg :
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel”
Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
Crypto prices sink, with bitcoin dropping ~4% to ~$16.1K and ether ~7% to ~$1.1K, dragged down by the FTX saga, hacker offloading ether, and potential contagion
Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more
The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”
The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
Nikhilesh De / CoinDesk :
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX employees left for Hong Kong and elsewhere in recent days
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX employees left for Hong Kong and elsewhere in recent days
Nassau, Bahamas — Many of the dozens of senior employees who work at FTX in the Bahamas, where the embattled crypto exchange is headquartered …
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. — Crypto exchange FTX was not required …
[Thread] FTX CEO Sam Bankman-Fried apologizes, says he “fucked up” and his priority is “doing right by users”, plans to raise funds and close Alameda, and more
1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator
Supreme Court Appoints Provisional Liquidator Tweets: @guardiannassau : Today, the Securities Commission of The Bahamas took action to freeze the assets of FTX Digital Markets. The...
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilis...
After suspending withdrawals on Friday, Babel Finance says it has reached “preliminary agreements” on repayments of “some debts”, helping ease its liquidity
- Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”