BankmanFrieds

Sam Bankman-Fried’s shadow still looms over the crypto industry

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During Sam Bankman-Fried’s monthlong fraud trial, prosecutors presented damning evidence that the fallen crypto founder knew full well what he was doing from the beginning. He knew that Alameda Research borrowed billions in customer funds from FTX. He knew his fellow executives fabricated balance sheets to send to lenders. He knew FTX wasn’t fine when … Read more

Sam Bankman-Fried’s Lawyers Are Doing Just Fine, Actually

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In the three weeks since his trial began, Sam Bankman-Fried, founder of crypto exchange FTX, has watched in near silence as a parade of ex-colleagues, peers and other witnesses have taken the stand. They have testified to his greed, recklessness, bullying and chicanery. His lawyers have offered relatively little in the way of riposte—and have … Read more

Sam Bankman-Fried’s defense finally woke up

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Of Sam Bankman-Fried’s alleged co-conspirators, Nishad Singh gave the most emotionally compelling testimony. And on cross-examination, he also proved to be the most unreliable.  Yesterday, Singh condemned Bankman-Fried for continuing to make venture investments despite knowing the money came from customer funds, even calling the actions taken at FTX “evil.” Today, the defense pointed out … Read more

Was Sam Bankman-Fried’s bean bag chair a lie too?

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The difficult part of a fraud case is usually establishing a defendant knowingly lied — unless, apparently, the defendant is Sam Bankman-Fried. Today the government has made a brisk case for one count in the indictment and is close to making a case for a second one, as two of Bankman-Fried’s college roommates testified against him. … Read more

Is Sam Bankman-Fried’s defense even trying to win?

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I have never seen Sam Bankman-Fried so still as he was during the prosecution’s opening statement. The characteristic leg-jiggling was absent. He barely moved as the prosecutor listed the evidence against him: internal company files, what customers were told, the testimony of his co-conspirators and his own words. His hair was shorn, the result of … Read more

The most effective stuff Sam Bankman-Fried’s dad and mom purchased utilizing FTX cash

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The legal professionals who characterize what’s left of FTX filed swimsuit in opposition to Sam Bankman-Fried’s dad and mom, saying they “exploited their entry and affect throughout the FTX enterprise to complement themselves, immediately and not directly, by thousands and thousands of {dollars}.” The purpose of the swimsuit is to get that cash again so … Read more

Decide Revokes Sam Bankman-Fried’s Bail, Throws Him Again in Jail

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A federal choose stated there’s proof Sam Bankman-Fried twice tried to discredit witnesses by leaking delicate paperwork to the press.Picture: Bebeto Matthews (AP) As soon as the lord of a multibillion-dollar crypto empire below the FTX model title, Sam Bankman-Fried will now have to organize himself for his upcoming trial from a cell. A New … Read more