FTX founder Sam Bankman-Fried's lawyers claim that prosecutors delivered four million pages of documents for him to examine six weeks before trial, making it impossible for him to adequately review the evidence from prison. Bankman-Fried is accused of intentionally deceiving customers and investors and playing a central role in the collapse of his company. His lawyers have requested his release to prepare for trial.
FTX co-founder Sam "SBF" Bankman-Fried could pay his expert witnesses over $1,000 an hour to testify on his behalf at his upcoming fraud trial.
Former FTX CEO Sam Bankman-Fried's defense team may be able to call precluded witnesses in response to the government's testimony, as ruled by Judge Lewis Kaplan in the criminal trial against Bankman-Fried for alleged misuse of user funds.
Sam Bankman-Fried, the founder of FTX, is set to go on trial facing seven counts of fraud, money laundering, and conspiracy, with allegations that he misappropriated customer deposits, made false statements, and used stolen funds for personal gain and political influence.
A federal judge ruled that Sam Bankman-Fried, the CEO of FTX, cannot blame the collapse of the company or its operations on its lawyers in his opening statements, but he may be able to use an "advice-of-counsel" defense later in the trial.
Former FTX CEO Sam Bankman-Fried opposes prosecutors' request to allow a Ukraine-based FTX customer, who lost his life savings during the Russian invasion, to testify remotely in the upcoming criminal trial.
FTX, a once-prominent cryptocurrency exchange valued at $32 billion, collapsed in November 2022, leading to the arrest of its founder, Sam Bankman-Fried, who is accused of orchestrating one of the largest financial frauds in history. The collapse of FTX and the subsequent trial of Bankman-Fried highlight the risks and potential consequences of the crypto industry.
FTX's criminal trial involves a lengthy list of potential witnesses, including Bankman-Fried's family members, former FTX executives, investors, and high-profile names from various entities impacted by the collapse in cryptocurrency prices.
FTX founder and CEO Sam Bankman-Fried is on trial for allegedly orchestrating a scheme to steal billions of dollars from customer accounts, as his former partner testifies against him for fraud and money laundering.
The fraud trial of FTX founder Sam Bankman-Fried has revealed the betrayal of his inner circle, as close friends and former allies have turned against him and testified against him in court.
FTX founder Sam Bankman-Fried's trial continues with former Alameda CEO Caroline Ellison testifying that she was directed by Bankman-Fried to commit fraud and money laundering crimes, taking several billion dollars from customers and using an "unlimited line of credit."
FTX founder Sam Bankman-Fried is on trial for alleged financial fraud, with prosecutors accusing him of diverting customer funds for personal gain, while his defense argues he was overwhelmed by the rapid growth of his cryptocurrency businesses. The trial has featured explosive testimony from his former girlfriend and top executive, Caroline Ellison, who claims Bankman-Fried directed her to commit crimes. The defense has faced challenges from the judge, and the question remains whether Bankman-Fried will testify in his own defense.
The fraud trial against Sam Bankman-Fried, founder of FTX, relies heavily on the testimonies of his former executives due to a lack of concrete evidence, such as Bankman-Fried's own words, making it challenging for prosecutors to prove his intent to defraud customers and investors.
Lawyers for FTX founder Sam Bankman-Fried are seeking to expand their questioning of government witnesses in order to strengthen their defense theories and prevent further damage to their client's image, as his trial enters its third week. They are also attempting to argue that FTX complied with its own terms of service to counter accusations of fraud. Meanwhile, prosecutors assert that Bankman-Fried misused client funds and repeatedly misrepresented FTX's handling of them.
A former executive at FTX testified in Sam Bankman-Fried's criminal trial, stating that he knew about $8 billion of FTX customers' money missing and that Bankman-Fried improperly used customers' money for various investments and expenditures.
FTX's top attorney testified in the trial of Sam Bankman-Fried, revealing that he was shocked by a $7 billion hole in FTX while Bankman-Fried was unsurprised and asked for possible "legal justifications" for using customer money, which the attorney said did not exist.
Former FTX CEO Sam Bankman-Fried allegedly instructed his former general counsel to find a legal explanation for the missing $8 billion in Alameda Research's books, according to testimony in court, as prosecutors present their case against Bankman-Fried, who is accused of fraud and conspiracy to commit fraud against FTX customers and investors.
Sam Bankman-Fried, the founder of FTX, must decide whether to testify in his own defense against allegations of fraud and money laundering, with former colleagues testifying against him, as the government is expected to wrap up its case this week.
Sam Bankman-Fried, co-founder of crypto exchange FTX, is on trial in the US for allegedly concealing an $8 billion cash shortfall, with his former associates testifying against him, in a case that will test US authorities' ability to regulate offshore crypto trading businesses.
Former FTX CEO Sam Bankman-Fried is expected to testify in his own defense during his fraud trial, where he faces charges of fraud, conspiracy, and money laundering related to the alleged misuse of customer deposits on the crypto trading platform FTX.
Lawyers for FTX founder Sam Bankman-Fried have begun presenting their case in his fraud trial after 12 days of prosecution testimony, with Bankman-Fried expected to testify in his own defense, facing charges of directing colleagues to commit crimes and divert customer funds.
FTX founder Sam Bankman-Fried testified without the jury present, stating that lawyers for his bankrupt cryptocurrency exchange were involved in key decisions and crafting documents, as he tried to distance himself from wrongdoing in his federal fraud trial.
