Government exhibit in Sam Bankman-Fried’s criminal trial Source: SDNY In afternoon testimony on Monday, former FTX engineering chief Nishad Singh told a Manhattan jury about two one-on-one meetings he held with Sam Bankman-Fried last year to discuss the dire state of the crypto firm’s finances. Singh, who joined sister hedge fund Alameda Research in 2017 … Read more
Happy Saturday, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that covers the major stories in tech over the past several days. I feel inclined to begin this edition with a sobering note about the recent events in Israel and Gaza. It’s obviously impacted the tech ecosystem there, but from a purely humanistic … Read more
Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images Caroline Ellison, who ran Sam Bankman-Fried’s crypto hedge fund while also dating the FTX founder, told jurors in her second day of testimony that one way her … Read more
Photo: Bloomberg (Getty Images) Sam Bankman Fried allegedly entertained a plan to raise capital from Saudi Crown Prince Mohammed bin Salman, according to former Alameda CEO Caroline Ellison in her testimony on Wednesday. Will More Celebs Continue to Join Crypto? | Gizmodo Interview It’s one of many bombshells dropped by Ellison on the second day … Read more
Caroline Ellison, the former head of Sam Bankman-Fried’s crypto hedge fund and the government’s star witness in the criminal fraud case against the FTX founder, testified Tuesday that she and her ex-boss defrauded customers, investors and lenders. “Yes, we did,” Ellison said, when Danielle Sassoon, assistant U.S. attorney, asked if she committed a crime. “I … Read more
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, claiming that the former FTX CEO directed her to commit fraud and money laundering crimes. Ellison added that while she ran Alameda, she took several billion dollars from customers to invest in other … Read more
Sam Bankman-Fried is in court for alleged fraud while leading crypto exchange FTX. Here’s our latest coverage as the case continues. Morgan Little Jacquelyn Melinek 2 days Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, is on trial for alleged fraud and conspiracy as he led the company’s swift rise and implosion. Over … Read more
Witness Adam Yedidia answers questions during Sam Bankman-Fried fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, October 5, 2023, in this courtroom sketch. Jane Rosenberg | Reuters Two of Sam Bankman-Fried’s former friends from MIT, who also worked at crypto exchange FTX while living with … Read more
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 investors. Huang testified Thursday that he and his firm were in the dark about a range of business practices at FTX, red flags that would … Read more
Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Artist: Claudia Johnson Marc-Antoine Julliard typically trades cocoa beans. But in the spring of 2021, the London-based commodities broker decided to diversify into cryptocurrency trading. His platform of choice was FTX. Two years later, Julliard stood as the prosecution’s first witness … Read more