The Latest Breaking News from FTX

Federal Reserve holds interest rates steady as US economy charges ahead

The US central bank maintains its pause on raising interest rates, while leaving the door open for future hikes, as inflation remains well above its 2 percent target. Also, 28 countries and the EU sign the "Bletchley Declaration" calling for international cooperation on ensuring AI safety. Plus the fate of…

France 24 · Nov 2, 2023

Lawyers swap closing statements in trial of Sam Bankman-Fried: ‘Pyramid of deceit’ or just ‘bad business judgements’?

"The defendant is overwhelmingly, beyond reasonable doubt, guilty," said a prosecutor. "Bad business decisions are not a crime," said Bankman-Fried's lawyer.

Fortune · Nov 1, 2023

Sam Bankman-Fried’s fraud trial testimony: six key takeaways

FTX founder, once the darling of Washington and Silicon Valley, blamed his ex-girlfriend and said ‘I do not recall’ a lot

The Guardian - US · Nov 1, 2023

Sam Bankman-Fried makes himself out to be an absentee CEO in new testimony

The FTX cofounder tried to distance himself from the hole in FTX’s balance sheet.

Fortune · Nov 1, 2023

Closing arguments next in FTX founder Sam Bankman's fraud trial after his testimony ends

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments

The Independent UK · Oct 31, 2023

Sam Bankman-Fried took a big risk by testifying in his own trial. It did not go well

The former FTX CEO was keen to convince jurors he did not intend to commit any crimes — but he stumbled frequently under withering questioning by the prosecution.

WEKU · Oct 31, 2023

Sam Bankman-Fried wraps up testimony as fraud trial nears end

Prosecutors press Bankman-Fried on how Alameda Research, sister hedge fund to FTX exchange, spent $8bn of customer funds

The Guardian - US · Oct 31, 2023

Bankman-Fried’s lieutenants say he directed them to commit crimes. He portrayed himself as a hands-off CEO wary of being ‘distracting’

The FTX founder took the stand for a second day of cross-examination on Tuesday.

Fortune · Oct 31, 2023

Sam Bankman-Fried's moronic media tour comes around to bite him

The FTX founder wouldn't stop blabbing to the media despite being in criminal jeopardy. That's proven to be a big mistake.

Fortune · Oct 31, 2023

TechScape: Crypto in the dock, Musk in the frame and fiendish puzzles – three chilling tales for Halloween

Gather round and hear three of the latest scary stories from Silicon Valley and beyond that will frighten you long after the candy is eaten

The Guardian - UK · Oct 31, 2023