First Mover Americas: DOJ: SBF’s Crypto Empire Was Built on a Lie
The latest price moves in crypto markets in context for Oct. 5, 2023.
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Ftx
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FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX’s director of engineering Nishad Singh but the sorun never got fixed.
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Unpacking the First Day of Sam Bankman-Fried’s Actual Trial
Two witnesses testified how FTX seemed safe – and really wasn’t, backing the Department of Justice’s opening argument.
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Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
The assets, whose ownership is in dispute, could potentially be used to hisse back creditors of FTX.
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Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders, the former employee said.
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Sam Bankman-Fried ‘Lied,’ DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison
“He poured money — other people’s money — into investments to make himself even richer,” the prosecutor said in opening arguments.
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No Jury Yet, but We’re Getting There
No death penalty either, the judge had to reassure a prospective juror.
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When SRM Shot Up in Value, Sam Bankman-Fried Changed the Rules for His Workers, Michael Lewis Says
Michael Lewis’ “Going Infinite” outlines how the FTX CEO was worried his employees had gotten too rich because SRM’s price had gone up so much. So, he made them wait longer to sell.
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Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’
This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.
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Bankman-Fried Seeks to Block Prosecutors Calling FTX Investors, Former Insiders as Witnesses
Lawyers are still quibbling over what evidence can be brought to the FTX founder’s fraud trial, hours before jury selection is due to start.