Sam Bankman-Fried Goes on Trial Tomorrow
Crypto’s biggest trial begins tomorrow. Its outcome may hinge on Sam Bankman-Fried’s former colleagues.
Crypto’s biggest trial begins tomorrow. Its outcome may hinge on Sam Bankman-Fried’s former colleagues.
The family office backed investment and operating company begins with an initial $1 billion of assets.
Michael Lewis revealed management failings at crypto exchange FTX and a multi-billion-dollar plan to keep Donald Trump from running for office again, in an interview with CBS.
The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.
Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.
Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.
The moving funds, coming soon before FTX founder and former chief executive Sam Bankman-Fried goes on trial, deepens one of the ongoing mysteries around the exchange’s collapse last year.
Sam Bankman-Fried’s defense team can’t stress the role of attorneys at Fenwick & West in his opening statement, but can still try raising the “advice-of-counsel” defense later in the trial, Judge Lewis Kaplan said Sunday.
The filings come just a few days before the trial is set to begin.
FTX was hacked in November 2022, hours after the küresel crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.