FTX

The trial of FTX founder Sam Bankman-Fried is another age-old story of a financial entity defrauding its users, according to Robinson Burkey of the Wormhole Foundation. The majority of the crypto industry will soon rejoice, Burkey predicts. “The majority of the crypto industry is going to be...

Defense attorney Mark S. Cohen's closing remarks left Sam Bankman-Fried on the verge of tears at his fraud trial late Wednesday. Cohen appealed to the jury that Bankman-Fried acted in good faith in his entire operations at FTX and Alameda Research and thus should not be...

At a hearing today (Wednesday), FTX co-founder Sam Bankman-Fried's defense attorney Mark Cohen countered the accusations leveled against his client, ardently arguing the government's portrayal of Bankman-Fried as a "monster" is both "wrong and unfair...

In a gripping courtroom session on Wednesday, Assistant U.S. Attorney Nicolas Roos presented his closing arguments in the high-profile trial of the co-founder of crypto change FTX, Sam Bankman-Fried, in which the narrative portrayed a picture of a man who believed he could deceive countless...

Sam Bankman-Fried, the face behind crypto giants FTX and Alameda Research, acknowledged his awareness of the potential risks tied to the controversial decision to use the former's funds to repay the latter's debts. This concession came during the intense cross-examination by Assistant...

Amid an intense cross-examination by Assistant U.S. Attorney Danielle Sassoon, FTX founder Sam Bankman-Fried, testified on the third day of his ongoing trial that he mocked regulators with derogatory language in private. The embattled former billionaire also conceded Alameda Research...

Defense attorney Mark Cohen questioned Sam Bankman-Fried about a tweet  indicating that FTX's assets were secure in the third day of court testimony from the fallen cryptocurrency exchange's co-founder.  In response, SBF said he believed the exchange was solvent,...

On Friday, Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," shed light on two high-profile investors who, he claims, were misled by FTX's former CEO, Sam Bankman-Fried. What Happened: Kevin O’Leary, famously known as "Mr. Wonderful" on the TV...

In a riveting courtroom session, FTX co-founder Sam Bankman-Fried testified on various aspects of his professional journey, revealing a more personal side. While discussing his wardrobe choices and long hair, he candidly admitted, "I found [shorts and T-shirts] comfortable," and...

Clarifying his stance on a series of allegations linked to erroneous liquidations, FTX co-founder Sam Bankman-Fried vehemently defended his decisions, saying he had asked former FTX Chief Technology Officer and co-founder Gary Wang to stop liquidations on Alameda Research's accounts...

A recent courtroom development finds Sam Bankman-Fried under fire from a U.S. District Judge Lewis Kaplan, for his vague responses during his criminal fraud trial. Bankman-Fried’s responses during cross-examination were often evasive. He frequently paused before answering and often rephrased...

FTX founder Sam Bankman-Fried on Thursday shed light on his company's controversial practices in his testimony regarding borrowing from assets held as collateral for margin positions in crypto exchange FTX for trading in Alameda Research. Bankman-Fried stated unequivocally, "I...

The group in charge of wallets associated with the insolvent crypto exchange FTX's cold storage has transferred tokens to various cryptocurrency exchange addresses. Thursday witnessed more than $19 million worth of SOL, COMP, and ETH tokens from its cold storage to different crypto...

Bitcoin (CRYPTO: BTC) prices surged by 19% in the past week, driven by factors including the potential launch of spot Bitcoin ETFs, the listing of BlackRock's IBTC on the DTCC eligibility list, and overall optimism in the crypto sector. How Sam Bankman-Fried Trial Could Affect Crypto: Sam...

In the sprawling world of cryptocurrency, few names have been as synonymous with success and downfall as Sam Bankman-Fried. The founder of FTX was once a beacon of innovation in the digital asset space. He now finds himself embroiled in a scandal that has sent shockwaves throughout the financial...