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The Latest Breaking News from Alameda

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

Bankman-Fried’s trial enters week 2: What’s happened so far, and what to expect when his ex takes the stand

Ellison is the former CEO of Alameda Research, Bankman-Fried’s ex-girlfriend, and the prosecution’s star witness.

Fortune

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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

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 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

The Guardian - US

Crypto king or conman: is Sam Bankman-Fried about to be sent down for a century?

His company managed billions in assets and made him one of the world’s richest people. Then, almost overnight, it collapsed. With a fraud trial beginning next week, a documentary asks how he bewitched so many

The Guardian - UK

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Caroline Ellison kept a memo called ‘Things Sam Is Freaking Out About,‘ and prosecutors plan to use it

The DOJ is laying out the evidence it wants to use in its upcoming trial against FTX founder Sam Bankman-Fried.

Fortune

Alameda’s Shadow Over Bald Memecoin? Crypto Researcher Digs Out Possible Links

There might be a possible connection between the Bald memecoin and Alameda Research, a prominent cryptocurrency trading firm.

Zenger

USDA approves chicken made from cultivated cells, the nation’s first ‘lab-grown’ meat

The move launches a new era of meat production aimed at eliminating harm to animals and drastically reducing the environmental impacts of grazing, growing feed for animals and animal waste.

Chicago Sun-Times

Caroline Ellison: How a young math whiz with an appetite for risk became a major player in Sam Bankman-Fried’s corrupt crypto empire

After the fall of the cryptocurrency exchange FTX and the trading firm she ran, Alameda Research, the 28-year-old became an unlikely celebrity—and a public villain.

Fortune

‘A house of cards’: When the Big One comes, will Alameda be ready?

When the “Big One” eventually hits, the city of Alameda will have plenty to worry about.

Tribune News Service

Bankman-Fried charged with bribing Chinese officials

FTX founder Sam Bankman-Fried has been charged in the United States with directing $US40 million ($A60 million) in bribes to one or more Chinese officials.

The New Daily

Therapist shares major mistake couples make that's killing their relationship

Therapist Sinead Smyth, from Alameda, in California, America, has shared the common mistake couples make that's damaging their relationship - and how to maintain a healthy connection with your partner

Daily Mirror

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Los Angeles Times

Editorial: Of course the California attorney general’s wife shouldn’t oversee his budget

A flurry of news stories in recent days exposed the questionable appointment of California Assemblymember Mia Bonta (D-Alameda) as chair of a budget subcommittee that will recommend funding for the state Department of Justice, which is run by her spouse, Attorney General Rob Bonta. The right response would have been…

Fortune

DOJ questions Silvergate for dealings with FTX, Alameda

The fraud probe follows the crypto-focused bank’s announcement two weeks ago of a net loss of $1 billion in the fourth quarter of 2022.

Fortune

Sam Bankman-Fried's lawyers just filed a claim to keep his $450 million in Robinhood shares, arguing he needs them for legal fees

The disgraced crypto founder, once worth $26.5 billion, said he only has $100,000 in his bank account.

Al Jazeera

Former crypto titan Sam Bankman-Fried pleads not guilty to fraud

The 30-year-old FTX founder, formerly worth an estimated $26bn, could face a sentence of up to 115 years in US prison.

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news in one place.

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Los Angeles Times

Emails reveal Sam Bankman-Fried’s courtship of federal regulators

ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

Tribune News Service

East Bay cannabis seizures cap busy regulatory year

SAN JOSE, Calif. — State cannabis control workers closed out a busy year in Alameda and Contra Costa counties by serving warrants at multiple homes in Antioch and Oakland last week, recovering plants and processed flowers, as well as cash, authorities said.

The Independent UK

Two associates of FTX founder Sam Bankman-Fried reach plea deals over crypto scandal

Pair faced hefty prison sentences for role in collapse of cryptocurrency exchange

Fortune

Sam Bankman-Fried, former CEO of FTX, to land in the U.S. tonight

The easiest way to convict Sam Bankman-Fried for the FTX fraud is to gain the cooperation of Caroline Ellison, the former CEO of Alameda and Bankman-Fried's former girlfriend.

Fortune

An FBI ace on how to build an airtight case against SBF

Gregory Coleman ran the criminal investigation against Jordan Belfort, and helped seize assets that went back to Bernie Madoff victims.

The Guardian - UK

FTX ally warned authorities days before Bankman-Fried arrest

Ryan Salame told the Bahamian securities commission that funds were being used improperly

Fortune

FTX’s venture investments in limbo with SBF in custody and prosecutors and lawyers circling crumbs of his crypto empire

The SEC claims Sam Bankman-Fried used FTX customer funds to make venture investments.

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