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The Latest Breaking News from FTX

They were Sam Bankman-Fried's friends. Now they could send him to prison for life

Bankman-Fried built a multibillion crypto business spearheaded by FTX with the help of a group of young colleagues. Now three of his closest associates have turned against him.

WEKU

Robot dogs, tech bros and virtual Geisha girls: when SXSW came to Sydney

The famous Austin festival picked the Harbour City for its first foray overseas, bringing an eclectic mix of AI, celebrities and cutting edge ideas

The Guardian - AU

The last week of FTX, according to the private messages of Sam Bankman-Fried, Caroline Ellison, Gary Wang, and Nishad Singh

“I just had an increasing dread of this day that’s been weighing on me for a long time,” Ellison, former CEO of Alameda Research, texted Bankman-Fried.

Fortune

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Future of Finance: Coinbase’s Shirzad on public policy, crypto companies shaking off the FTX stigma, and empowering the unbanked

Shirzad said it it's frustrating that Bahamas-based FTX has sullied the image of domestic crypto players.

Fortune

Sam Bankman-Fried prosecutors want to make sure jurors know effective altruism is no defense for fraud

With the case winding down, the two sides are wrangling over jury instructions.

Fortune

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.

Fortune

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(Crypto) Empire State of Mind: Sam Bankman-Fried allegedly met with Bill Clinton and Kathy Hochul in NYC 2 months before FTX collapsed

Now, Bankman-Fried is back in the Big Apple—but for very different reasons.

Fortune

Why are Cryptocurrencies in a Sideways Trend?

The cryptocurrency asset class has been asleep after an attempt to break out to the upside after establishing bottoms in 2022. While prices have improved from the lows, attempts at rallies have failed, and prices remain in relatively narrow ranges.

Barchart

New bankruptcy proposal could see FTX creditors receive close to $9 billion by mid-2024

The FTX debtors group said the plan would be filed for approval by the bankruptcy court by Dec. 16.

Fortune

Sam Bankman-Fried ‘needs more ADHD medication to be able to testify’, lawyers argue

Lawyers say the FTX cryptocurrency exchange founder’s daily dose wears off quickly

Evening Standard

Inside the FTX straw donor machine, where customer funds were funneled into campaign contributions

"It was for advantageous optics," former FTX engineering chief Nishad Singh testified on Monday.

Fortune

Former FTX executive Nishad Singh describes conversation with Sam Bankman-Fried over customer funds: ‘I was blindsided and horrified’

While Bankman-Fried lounged on a white chaise chair, Singh realized that FTX was not force for good but had "turned out to be so evil."

Fortune

Sam Bankman-Fried pushed for $30 million Bahamas penthouse despite concern from FTX colleagues it would be ‘ostentatious’

Top lieutenant Nishad Singh testified that the FTX founder liked the apartment because he "is a fan of views."

Fortune

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Fortune

Behind the scenes of week 2 of Sam Bankman-Fried’s trial

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.

Fortune

Sam Bankman-Fried's lawyers request Adderall for the FTX founder as he decides whether to testify

With SBF's trial entering its third week, the defendant is still fighting for access to medication.

WEKU

Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

The trial of the former FTX CEO concluded its second week, featuring explosive testimony from Caroline Ellison, a former girlfriend of Bankman-Fried.

Fortune

Even after Sam Bankman-Fried’s arrest, the crypto industry remains full of men acting like boys

Crypto is a gender-neutral technology—but the industry itself is another story altogether.

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Fortune

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

The Guardian - US

Caroline Ellison’s testimony against Sam Bankman-Fried: five key takeaways

The former Alameda CEO offered stunning testimony against her ex-boyfriend and failed crypto mogul being tried for fraud

The Guardian - AU

Afternoon Update: 1.1 million residents of Gaza told to relocate south; NSW police criticised over protest threat; and New Zealand election countdown

Palestinians fear the Israeli relocation directive could be a precursor to a ground offensive

Fortune

Inside the meeting where Caroline Ellison came clean to Alameda staff, per a secret recording from an employee who started 3 days earlier

“I’m sure this wasn’t a YOLO thing, right?” Christian Drappi, another Alameda employee, asked the crypto hedge fund's former CEO.

The Guardian - US

Sam Bankman-Fried accused of scoffing and laughing as ex-girlfriend testified

Judge asks Bankman-Fried’s lawyer to ‘have a word with him’ after prosecutors complain of possible intimidation

The Independent UK

Sam Bankman-Fried's lawyer struggles in cross-examination of Caroline Ellison, govt's key witness

Sam Bankman-Fried’s defense lawyer has struggled through a meandering cross-examination of the FTX founder’s former girlfriend Thursday, keeping both the judge and the public guessing as to his strategy in countering the testimony of the government’s key witness

Fortune

Sam Bankman-Fried laughed, scoffed, and visibly shook his head during Caroline Ellison’s second-day testimony, prosecutor tells judge

The FTX founder’s alleged behavior stands in contrast to how he’s previously reacted to other witnesses.

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