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The Latest Breaking News from FTX

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

Sam Bankman-Fried built ‘pyramid of deceit’, jurors hear in closing arguments

Founder of FTX platform, 31, painted by prosecution as scammer and liar who defrauded customers out of billions of dollars

The Guardian - US

FTX Founder’s Trial Nears Climax With Intricate Legal Battles

Closing arguments set for tomorrow as Sam Bankman-Fried defends against misappropriation charges in high-profile digital asset case.

Zenger

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Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-Fried

In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges

The Independent UK

The Sam Bankman-Fried trial is an indictment of the crypto industry

Blockchain acolytes are trying to pretend that FTX never happened.

Fortune

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

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

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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

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

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

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

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

Sam Bankman-Fried’s infamous media tour backfires as prosecutors wield his own words against him

The FTX founder chose a strategy of selective amnesia to avoid answering questions.

Fortune

Billionaire Charlie Munger, Warren Buffett’s right-hand man, says a lot of venture capitalists screw their investors

“You don’t want to make money by screwing your investors, and that’s what a lot of venture capitalists do,” Munger said on the podcast Acquired.

Fortune

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The Independent UK

Prosecutors accuse Sam Bankman-Fried of being two-faced on stand

Discrepancies between SBF’s public and private statements come into sharp focus under cross-examination, reports Bevan Hurley from the courtroom

The Independent UK

Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder

A prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year

Fortune

Prosecutors say a private message from Sam Bankman-Fried shows criminal intent. SBF says he was just trying to comfort a friend in distress

Bankman-Fried’s differing interpretation of Nishad Singh’s private message came during the cofounder's subtle reframing of FTX’s final days.

The Guardian - US

Sam Bankman-Fried denies messy hair part of ‘tech genius’ persona during trial

Disgraced former CEO of crypto exchange FTX admits to disparaging regulators on third day of testimony

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The Guardian - US

Prosecutor grills Sam Bankman-Fried about his hair and tech genius persona – as it happened

Prosecutor appears to highlight Sam Bankman-Fried’s style as part of an eccentric tech whiz persona as part of a bigger ruse

Fortune

Sam Bankman-Fried can’t shut up. His ‘word salad’ answers were almost 75% longer on average than his 3 FTX lieutenants’

“The witness has what I'll simply call an interesting way of responding to questions,” Judge Lewis Kaplan said of Sam Bankman-Fried’s babble.

Fortune

SBF testifies that while he worked up to 22 hours per day, he was pulled in many directions and wishes he had a ‘better understanding’ of tracking FTX’s assets

SBF ‘word salad’ responses didn’t go over too well in the courtroom.

Al Jazeera

FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial

Sam Bankman-Fried says he never set out to steal from people while testifying in his own defence in Manhattan court.

The Guardian - US

Sam Bankman-Fried admits to ‘large mistakes’ in crypto fraud trial testimony

Bankman-Fried says his biggest mistake was not implementing a dedicated risk management team for crypto trading platform FTX

The Independent UK

Sam Bankman-Fried on the stand: ‘A lot of people got hurt’

Disgraced crypto entrepreneur admits mistakes were made in FTX’s collapse but denies he’s a crook

Fortune

Sam Bankman-Fried blames everyone but himself for FTX’s approach to risk management, including a trillion-dollar trading disaster

The FTX founder finally faced a jury on Friday, sharing a version of events that contradicted previous testimony from Gary Wang and Nishad Singh.

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