Sam Bankman-Fried – Page 9 – Miami Crypto Coin

Sam Bankman-Fried goes on trial: A week in review

Post author:MiamiCrypto
Post published:October 7, 2023
Post category:Bankruptcy Government law Sam Bankman-Fried United States

The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing.

Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 4]

Post author:MiamiCrypto
Post published:October 6, 2023
Post category:Cryptocurrency Exchange Fraud ftx FTX Token Sam Bankman-Fried Trial

The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.

Sam Bankman-Fried ordered ‘special privileges’ for Alameda account on FTX — Gary Wang

Post author:MiamiCrypto
Post published:October 6, 2023
Post category:Court Crimes ftx law Regulation Sam Bankman-Fried

FTX’s former chief technology officer reportedly claimed in court that then CEO Sam Bankman-Fried authorized Alameda Research's account to trade more funds than it had available.

‘We allowed Alameda to withdraw unlimited funds’ — Gary Wang at SBF trial

Post author:MiamiCrypto
Post published:October 5, 2023
Post category:Court Crimes ftx law Regulation Sam Bankman-Fried

According to FTX's former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison.

Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 3]

Post author:MiamiCrypto
Post published:October 5, 2023
Post category:Cryptocurrency Exchange Fraud ftx FTX Token Sam Bankman-Fried Trial

The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.

College roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: Trial

Post author:MiamiCrypto
Post published:October 5, 2023
Post category:Court Crimes ftx law Regulation Sam Bankman-Fried

Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange's use of funds, claiming "Alameda had used customer deposits to pay its loans".

Sam Bankman-Fried’s jets are subject to forfeiture, says prosecution

Post author:MiamiCrypto
Post published:October 5, 2023
Post category:Department of Justice ftx Sam Bankman-Fried Trial

The U.S. Department of Justice says the two jets purchased by Bankman-Fried via FTX are now property subject to forfeiture due to charges brought against the former CEO.

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

Post author:MiamiCrypto
Post published:October 5, 2023
Post category:ftx Hackers Hacks Sam Bankman-Fried

While the exploiter initially held 175,496 ETH ($294 million), the current balance in their portfolio has come down to $196.014 million after a series of transfers.