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The Latest Breaking News from Alameda Research

She's the star witness against Sam Bankman-Fried. Her testimony was explosive

Caroline Ellison accused Bankman-Fried of being the mastermind behind illegal activity at FTX. Her words carry weight: She worked with him and also once dated him.

WEKU

Alameda propped up the price of ‘Sam coin’ FTT to help secure loans, former CEO Caroline Ellison says

Ellison said in her testimony at SBF’s trial on Tuesday that he told her to use Alameda funds to prop up the price of FTT, FTX's native token.

Fortune

FTX was a boys’ club. When Caroline Ellison asked Sam Bankman-Fried for equity in the hedge fund she ran, he said ‘it was too complicated’

The former CEO of Alameda Research had only a half-a-percentage-point stake in FTX and no equity in the crypto hedge fund she once led, she testified on Tuesday afternoon.

Fortune

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FTX cofounder Gary Wang says he took out $200 million to $300 million in loans from Alameda Research for investments he couldn’t ‘recall’

Interest payments for the loans became so cumbersome that Wang took out a loan just to pay for them.

Fortune

Everything we learned from week 1 of Sam Bankman-Fried’s trial

Cofounder Gary Wang and venture capitalist Matt Huang have already taken the stand.

Fortune

Sam Bankman-Fried’s ex-girlfriend’s testimony could be the most damning evidence yet

Caroline Ellison, former CEO of Alameda Research, will take the stand as the prosecution’s star witness on Tuesday

The Guardian - US

Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of…

The Independent UK

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Sam Bankman-Fried wanted to shut down trading firm Alameda weeks before FTX bankruptcy, says co-founder Gary Wang

FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.

Fortune

Sam Bankman-Fried was not surprised by $8bn FTX shortfall, key witness says

Gary Wang says Bankman-Fried had ‘neutral demeanor’ when told crypto exchange had lost billions days before collapse

The Guardian - US

FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public

FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year

The Independent UK

FTX co-founder testifies he committed crimes with Sam Bankman-Fried

Gary Wang, who previously pleaded guilty to his role in FTX’s downfall, is testifying under a plea agreement

The Guardian - US

SBF on trial: A 'math nerd' in over his head, or was his empire 'built on lies'?

Sam Bankman-Fried's trial in New York kicked off with lawyers from both sides delivering their opening statements, painting him as a villain or as an innocent nerd.

WEKU

Sam Bankman-Fried trial: ‘I may have unwittingly contributed to a crime’, FTX developer tells court – as it happened

Second witness Adam Yedidia also tells trial the pair were close friends; defense says Bankman-Fried was ‘math nerd who acted in food faith’

The Guardian - US

Sam Bankman-Fried’s trial starts today. Here’s everything you need to know

The disgraced founder faces seven criminal charges related to the collapse of the crypto exchange FTX.

Fortune

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WEKU

FTX founder Sam Bankman-Fried's trial is about to start. Here's what you need to know

Sam Bankman-Fried faces seven criminal charges, including for defrauding investors. His blockbuster trial is set to begin on Tuesday, and he could face an over 100-year prison term if convicted.

The Guardian - US

Sam Bankman-Fried trial: what is he accused of and does he face prison time?

The key facts in the case against the former cryptocurrency whiz over fraud, political donations and the collapse of FTX

France 24

Crypto in the courtroom: FTX founder Sam Bankman-Fried goes on trial for fraud

Sam Bankman-Fried, the 31-year-old founder of cryptocurrency exchange FTX, will go on trial in New York this Tuesday. He stands accused of defrauding millions of customers who traded on his platform by using their funds to prop up his hedge fund Alameda Research. Also in this edition, Evergrande shares start…

The Independent UK

Jury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-Fried

Sam Bankman-Fried once promoted his FTX digital coin exchange as a safe way for regular people to get into cryptocurrency

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news in one place.

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The Independent UK

Sam Bankman-Fried on trial: Fallen crypto king faces 110 years in prison for alleged FTX fraud

SBF will have to convince a jury that he was ‘just a kid moving too fast in a young industry’ and had no intent to defraud investors in the FTX crypto exchange, a legal expert tells Bevan Hurley ahead of fraud trial in Manhattan

Al Jazeera

What is FTX founder Sam Bankman-Fried’s trial about?

Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.

Fortune

How Sam Bankman-Fried stacks up against Bernie Madoff and some of history’s biggest financial fraudsters

Where do the alleged crimes of Sam Bankman-Fried stack up against history's biggest fraudsters?

Fortune

Sam Bankman-Fried will have to face FTX victims at his upcoming trial, including a man in Ukraine who lost nearly everything

A court filing from Saturday offers further details on the Department of Justice's case against the disgraced FTX founder.

The Guardian - US

‘Dark’ donations, free love and the fall: the Sam Bankman-Fried trial is here

The FTX founder’s day in court comes on Tuesday. Where did it all go wrong – and what can we expect in the high-profile trial?

Fortune

Sam Bankman-Fried’s day in court is nearly here. Who are the key players in the blockbuster trial of the former CEO of FTX?

From Bankman-Fried to his parents, Joseph Bankman and Barbara Fried, to U.S. Attorney Damian Williams, meet the cast of the crypto news event of the decade.

Fortune

A timeline of Sam Bankman-Fried, who could go down as one of history’s most notorious fraudsters

Sam Bankman-Fried, 31, is facing fraud and conspiracy charges linked to FTX, which was once valued at $32 billion.

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