Bankman-Fried Fraud Trial Begins As Crypto Industry Faces Ongoing Scandals

Opening arguments began in the trial of former FTX CEO Sam Bankman-Fried, accused of fraud and misusing customer funds.

Former Celsius CEO Alex Mashinsky's jury trial for fraud was scheduled for September 2024. He remains free on bail.

Cryptocurrency exchange Binance's market share declined for the 7th straight month due to regulatory issues.

A report shows Alameda Research received over $4B in FTT tokens from FTX before its collapse.

The number of crypto hacks and scams in Q3 2022 increased 153% year-over-year to 76 incidents totaling $680M in losses.