The simplest legal advice is to say nothing at all. Sam Bankman-Fried, founder of crypto exchange FTX, who recently took to the stand at his own fraud trial, isn’t very good at that. But, most likely, it won’t be his testimony that seals his fate. It will be the monthlong …
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Each Sunday morning, the congregation of the International Deliverance Praying Ministry gathers in front of their church, ready to be let in. It’s a modest building in the southside of Nassau, the capital of the Bahamas, on an overgrown and potholed street that floods when it rains. While they wait, …
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Sam Bankman-Fried will take the stand at his own trial, his legal counsel has confirmed. The founder of stricken crypto exchange FTX has endured three weeks of bruising testimony in federal court from ex-colleagues, peers, and other witnesses. But Bankman-Fried will now take the opportunity to relay his own version …
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At 9:30 am on a Wednesday in late September, a hacker who asked to be called Tom Smith sent me a nonsensical text message: “query voltage recurrence.” Those three words were proof of a remarkable feat—and potentially an extremely valuable one. A few days earlier, I had randomly generated those …
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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 …
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In the state of New York, where Sam Bankman-Fried, founder of fallen crypto exchange FTX, is standing trial for fraud, the attorney general has accused a further three high-profile crypto businesses of lying to their customers. Crypto exchange Gemini, run by the Winklevoss twins, Cameron and Tyler, as well as …
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Hamas’ attacks Against Israel on October 7 have shifted the geopolitical landscape and triggered a looming Israeli ground assault in the Gaza Strip. Now the ripple effects are reaching the cryptocurrency industry, where they’ve become the United States Department of the Treasury’s rallying cry for a crackdown on cryptocurrency anonymity …
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On Monday morning, Bitcoin quickly spiked thousands of dollars, hitting as high as $30,000 on some cryptocurrency exchanges. Why? Because erroneous reports about the SEC approving BlackRock’s iShares Bitcoin ETF spread online. However, those reports turned out to be completely false. “The iShares Bitcoin ETP application is still under review …
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Last year, as cryptocurrency company FTX and sister trading firm Alameda Research were melting down, Alameda CEO Caroline Ellison held an all-hands meeting and told staff that Alameda had taken customer deposits from FTX and could not pay them back. When asked in the meeting by an employee whose idea …
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As the criminal trial of FTX founder Sam Bankman-Fried unfolds in a Manhattan courtroom, some observers in the cryptocurrency world have been watching a different FTX-related crime in progress: The still-unidentified thieves who stole more than $400 million out of FTX on the same day that the exchange declared bankruptcy …
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