Sam Bankman-Fried testifies he believed FTX was 'fine' until just before collapseTestifying in his defense at his fraud trial for a second day, the 31-year-old former billionaire recounted the dramatic days leading up to...
30 Oct, 2023, 09.29 PM IST
FTX founder Sam Bankman-Fried testifies outside jury's presenceBankman-Fried's risky decision to testify gives prosecutors the chance to cross-examine the 31-year-old former billionaire about those clai...
27 Oct, 2023, 12.04 AM IST
FTX founder Sam Bankman-Fried kicks off fraud trial defense caseBankman-Fried was expected to testify in his own defense after his lawyers called two other witnesses, his lawyer Christian Everdell said i...
26 Oct, 2023, 09.41 PM IST
Sam Bankman-Fried's trial reveals inside details of how FTX diedWhile the broad contours of FTX's failure are publicly known, the trial has opened a window into high-stakes conversations that unfolded in...
21 Oct, 2023, 12.27 PM IST
FTX insider Nishad Singh says working with Sam Bankman-Fried left him in ‘severe’ distressBankman-Fried faces decades in prison on charges that he funneled FTX customer money into Alameda Research, an affiliated hedge fund, for r...
19 Oct, 2023, 11.36 AM IST
Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not "reckless and frivol...
17 Oct, 2023, 10.03 PM IST
Sam Bankman-Fried's dipping into customers' funds was done unilaterally: Nishad SinghSingh testified that he learned two months before the crypto exchange blew up that it was improperly using customers' money.
16 Oct, 2023, 09.24 PM IST
Sam Bankman-Fried trial: confidant Caroline Ellison faces cross-examinationEllison said through tears that she lived in "dread" the truth would come out, and that FTX's ultimate collapse last year brought an "overw...
12 Oct, 2023, 07.40 PM IST
Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's cofounder tells jurySam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the...
07 Oct, 2023, 08.34 PM IST
FTX co-founder testifies against Bankman-FriedDuring Sam Bankman-Fried's trial, his former business partner, Zixiao "Gary" Wang, testified that Bankman-Fried used FTX clients' funds wit...
07 Oct, 2023, 08.30 AM IST
Sam Bankman-Fried's trial: five key moments from the first weekBankman-Fried has pleaded not guilty to charges of stealing billions of dollars in customer funds to prop up his crypto-focused hedge fund,...
06 Oct, 2023, 09.40 PM IST
Sam Bankman-Fried's trial to resume with testimony from ex-FTX executiveGary Wang testified on Thursday that while at FTX, he created software code at the direction of Bankman-Fried that gave "special privileges...
06 Oct, 2023, 04.14 PM IST
Sam Bankman-Fried demanded special privileges for Alameda Research: ex-colleague Gary WangAccording to Wang, the special privileges granted to Bankman-Fried's hedge fund Alameda Research included a $65-billion line of credit, sev...
06 Oct, 2023, 09.53 AM IST
Sam Bankman-Fried's wealth was 'built on lies,' prosecutor says at trialProsecutors with the U.S. Attorney's office in Manhattan say Bankman-Fried used FTX customer money from the exchange's 2019 launch until it...
04 Oct, 2023, 10.24 PM IST
Sam Bankman-Fried's trial resumes with jury selection; opening statements expectedThe 31-year-old-former billionaire's trial kicked off on Tuesday, nearly a year after FTX collapsed in a meltdown that shocked financial ma...
04 Oct, 2023, 09.16 PM IST
Sam Bankman-Fried's father, ex-Trump staffer among possible trial witnessesSam Bankman-Fried, the founder of cryptocurrency exchange FTX, is set to face a fraud trial, and potential witnesses include his father, br...
04 Oct, 2023, 08.41 AM IST
Sam Bankman-Fried, FTX execs received billions in hidden loans, says ex-Alameda CEOCaroline Ellison, former chief executive of Alameda Research, said she agreed with Bankman-Fried to hide from FTX's investors, lenders and ...
24 Dec, 2022, 08.11 AM IST