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TL;DR Sam Bankman-Fried supposedly lost $4 million in XRP from Alameda Research, underestimating the issue despite internal concerns. The mishandling of the missing XRP eroded trust within Alameda Research’s executive…
This week has seen a whirlwind of events. Bitcoin’s price seems like the only stable thing in the industry right now, however hilarious that may be. That said, the cryptocurrency…
After the collapse of Sam Bankman-Fried’s FTX, customers suffered losses in the billions of dollars. Following a grueling trial in New York and four hours of deliberations, the jury’s verdict…
FTX founder Sam Bankman-Fried testified for the first time during his own fraud trial on Thursday, in what expert onlookers are calling a “hail mary” to rescue himself from conviction.…
From being a mentor to Sam Bankman-Fried to referring to him as a “colossal mistake,” Anthony Scaramucci is closely following the criminal trial and believes the former crypto mogul will…
Although defendants in his position are usually advised not to take the stand, SBF will attempt to convince the jury that he was acting in good faith. Defendants in high-profile…
FTX Trading is now at a crossroads as it evaluates offers from three prospective bidders to resurrect its operations after falling into bankruptcy amidst a storm of fraud allegations. The…
A recurring motif during the trial has been Bankman-Fried’s commitment to effective altruism, a philanthropic ideology aimed at maximizing individuals’ impact through activities like charitable contributions and career choices. Bankman-Fried,…
A renowned accounting professor from the University of Notre Dame, Peter Easton, has delivered a stark revelation during the Sam Bankman-Fried trial. Easton’s meticulous analysis of Alameda Research and FTX’s…
New details show that Bankman-Fried had a packed schedule in September 2022, with meetings involving influential individuals less than two months before the exchange’s downfall. From close connections with Bahamian…