SBF Trial
Welcome back to Equity, a podcast about the business of startups. This is the second of a two-part series looking back at 2023, as we chat…
Bankman-Fried won’t be sentenced till March, but he also has a second trial where he faces additional charges, including for foreign bribery.
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts related to fraud and money laundering. The…
Welcome back to Chain Reaction. It’s week five of the Sam Bankman-Fried trial and a lot has happened for the former CEO of FTX.
SBF’s prosecutors emphasize the case is not about crypto: ‘It’s about lies. It’s about stealing, greed.’
Assistant U.S. attorney Nicolas Roos stood in front of jurors from 10 a.m. ET until the court broke for lunch around 1 p.m., reiterating the prosecution’s case: Bankman-Fried lied.
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SBF said nothing and everything in his testimony, all at the same time
Bankman-Fried was seemingly incapable of answering the prosecution’s questions clearly, or speaking plainly about his activities when he was CEO of FTX.
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SBF’s defense puts forth a 35-minute last-ditch effort to show his goodwill
Contrary to the picture prosecutors tried to paint, Bankman-Fried insisted that he was not involved in the day-to-day trading operations of Alameda or its “core operations.”
The prosecution brought up a number of Bankman-Fried’s statements, videos and interviews, both before and after he stepped down as CEO of FTX.
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Sam Bankman-Fried says he didn’t defraud FTX customers or take their funds
“I made a number of small mistakes,” Bankman-Fried said Friday. The main one being not having a risk management team at FTX.
The judge sent the jury home. He first wanted to review Sam Bankman-Fried’s comments before determining whether that testimony could be shared with jurors.
SBF testifying, bitcoin rises amid spot ETF speculation and Walmart’s web3 accelerator surfaces
It’s week four of the Sam Bankman-Fried trial…and he’s taking the stand today at 2 p.m. So keep an eye out for additional coverage.
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SBF trial: Everything to know from the FTX courtroom ahead of his testimony
The trial of Bankman-Fried, the former CEO and co-founder of collapsed crypto exchange FTX, is entering its next chapter as proceedings resume Thursday. As confirmed during a teleconference Wednesday, SBF will be taking the stand, along with a handful of other witnesses as the onus shifts toward the defense after…
Bankman-Fried testifying comes with risk of more evidence mounting against him.
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Ex-SDNY prosecutor says Caroline Ellison, Gary Wang and Nishad Singh probably won’t get jail time
Gary Wang, co-founder and CTO of FTX; Caroline Ellison, CEO of Alameda; and Nishad Singh, FTX head of engineering, all pleaded guilty to charges a month after the crypto exchange and sister company’s downfall in November 2022. In recent weeks, all three parties took the stand to testify against Sam…
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Third Point managing director doubles down on SBF investor fraud in trial testimony
Robert Boroujerdi, managing director at Third Point, testified on Thursday at Sam Bankman-Fried’s trial in assistance with the government’s case to try and find the defendant guilty on seven counts related to fraud and money laundering. Boroujerdi formerly served as the head of global securities research at Goldman Sachs. He…
SBF trial brings in FTX exec and experts, NY AG sues three crypto firms for fraud, Reddit kills blockchain program and FTC sues bankrupt Voyager
Welcome back to Chain Reaction. It’s week three of the Sam Bankman-Fried trial…how are you holding up?
SBF asked FTX general counsel to create ‘legal justification’ for using billions in customer funds amid collapse
Can Sun, former FTX general counsel, took the stand on Thursday to testify on behalf of the prosecution’s case against Sam Bankman-Fried. Sun has a non-prosecution agreement in exchange for…
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FTX misused customer funds, accounting expert who assisted in Enron prosecution testifies
The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at…
Caroline Ellison explained how she cooked the books to make Alameda’s finances look a lot cleaner than they actually were.
FTX trial stirs up more chaos as ex Alameda CEO Caroline Ellison testifies on faulty balance sheets, bribes and more
Welcome back to Chain Reaction. It’s week two of the Sam Bankman-Fried trial and I’m writing this live from outside the Southern District of New…
“We were in a bad situation,” Ellison said.
Alameda Research allegedly paid Chinese officials around $150M to regain $1B worth of exchange accounts
The accounts were reopened to Alameda after Ellison made about $100 million to $150 million in payments of “crypto transfers” to accounts.
On January 14, 2022, former crypto mogul Sam Bankman-Fried tweeted: “First, we’re launching a $2 billion venture fund, FTX Ventures. As a founder, it’s important to support other founders creating…
Alameda Research’s ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimes
Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried’s six-week trial.
Here are the juicy details we gleaned from the first week of testimonies.
“Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall” by investigative reporter Zeke Faux has several chapters on FTX’s founder, Sam Bankman-Fried, but it’s also about crypto more broadly.
The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogul defrauded…
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Alameda had a $65B line of credit and ‘unlimited withdrawals’
Alameda’s “unlimited funds” came from FTX customers, the crytpo exchange’s co-founder says on the stand.
Welcome back to Chain Reaction. The SDNY is becoming a second home for me because the highly anticipated trial for Sam Bankman-Fried has begun. If…
We have a special episode for you: Equity teamed up with Chain Reaction and Jacquelyn Melinek to talk about the ongoing trial of former FTX…