Sam Bankman-Fried’s Defense Wants to Highlight ‘Inconsistent Statements’ by FTX Insiders Gary Wang, Nishad Singh
The duo testified at SBF’s trial.
The duo testified at SBF’s trial.
The defense intends to call Joseph Pimbley, a financial services expert and consultant, to testify about FTX’s and Alameda’s financials.
Lawyers for non-U.S. creditors of FTX are arguing that they’ve got a great deal in the exchange’s bankruptcy, giving those who had funds in FTX.com 90% of the liquidation.
The latest price moves in crypto markets in context for Oct. 20, 2023.
“I don’t understand the cryptocurrency,” and other bangers uttered in the courtroom.
Can Sun, FTX’s general counsel from August 2021 to the time of the exchange’s collapse in November 2022, testified in the Sam Bankman-Fried fraud trial.
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.
Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried’s tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange’s demise.
The defense team landed some hits during its cross-examination of a key witness against Sam Bankman-Fried.