FTX founder Sam Bankman-Fried is reportedly planning to testify in his own fraud trial. Bankman-Fried’s attorney revealed that information in a conference call Wednesday (Oct. 25), according to a report by NBC News. As this report noted, the decision is considered a risky one, as it will subject Bankman-Fried to...
Former FTX CEO Sam Bankman-Fried is enlisting the help of an expert witness to challenge the testimonies of key witnesses in his ongoing legal battle. Bankman-Fried’s legal team has brought in Joseph Pimbley from PF2 Securities, a litigation consulting firm, to provide expert testimony, Cointelegraph...
It is the end of the third week of Sam Bankman-Fried’s multibillion-dollar criminal fraud trial. The trial itself is approaching halftime, with the prosecution expected to rest its case next Thursday (Oct. 26), after a six-day break starting Friday (Oct. 20). The defense team for...
A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in the event of insolvency. In the ongoing fraud trial of Sam Bankman-Fried, the founder of FTX, Can Sun testified that the now-collapsed cryptocurrency...
Universal Music’s battle against chatbots continued Wednesday (Oct. 18) as it sued Anthropic. The lawsuit against the Google-backed artificial intelligence (AI) startup filed by Universal and two other labels alleges that Anthropic scrapes the record companies’ artists’ songs without consent, using them to create “identical or nearly...
In the 11th day of Sam Bankman-Fried’s criminal trial, the prosecution brought out an accountant. University of Notre Dame Professor Peter Easton, a forensic accountant, was called to the witness stand on Wednesday (Oct. 18) to detail to the jury what, in his analysis, exactly...
Sam Bankman-Fried’s multibillion-dollar criminal financial fraud trial is nearing its halfway point. And Nishad Singh, the former engineering director at the since-imploded FTX cryptocurrency exchange, wilted somewhat under cross-examination on Tuesday (Oct. 17), the second and final day of his witness testimony in the trial...
One billion dollars is a lot of money to spend. But it reportedly took FTX’s 31-year-old co-founder and former CEO, Sam Bankman-Fried, barely two years to burn through more than that 10-figure amount on celebrity endorsements and sponsorship deals for his failed cryptocurrency exchange. Only...
Disgraced FTX CEO Sam Bankman-Fried pleaded for access to his long-release Adderall in a late-night plea to U.S. District Judge Lewis Kaplan Sunday, per a CNBC report Monday (Oct. 16). The controversial trial, which is ongoing in federal court in New York, stands to decide the future...