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The Latest Breaking News from FTX

Sam Bankman-Fried will testify in his defense in what may be the gamble of his life

The former FTX CEO, who is accused of orchestrating one of the largest financial frauds in history, plans to testify in his own criminal trial in a major gamble to avoid prison time.

WEKU

Former cryptocurrency boss Sam Bankman-Fried will testify at trial, lawyer says

The FTX founder is accused of stealing billions of dollars from investors and customers

Evening Standard

Sam Bankman-Fried plans to testify at his New York fraud trial, his lawyer says

A lawyer for Sam Bankman-Fried says the FTX founder plans to testify at his fraud trial

The Independent UK

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FTX founder Sam Bankman-Fried plans to testify at criminal fraud trial

Bankman-Fried, 31, charged with seven criminal counts of securities fraud, wire fraud, and conspiracy to launder money

The Guardian - US

Sam Bankman-Fried’s attorneys confirm he will take the stand in his own defense

His lawyers confirmed that the disgraced crypto founder will testify at a hearing on Wednesday.

Fortune

Going Infinite by Michael Lewis review – falling for the antihero

The Moneyball author develops a misguided soft spot for fallen crypto king Sam Bankman-Fried

The Guardian - UK

Fallen crypto king Sam Bankman-Fried was 'perfectly positioned to make a religion of himself'

A year ago, Sam Bankman-Fried (often called “SBF”) was on top of the world. He had been on the covers of Forbes, which dubbed him “the richest twentysomething in the world”, and Fortune – the equivalent, for a business leader, of a rock star on Rolling Stone, or an athlete…

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Sam Bankman-Fried: Will he testify?

Defense lawyers typically tell their clients not to take the stand—Sam Bankman-Fried’s case could be the exception.

Fortune

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

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

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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

(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.

Barchart

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.

The Times of India

Nishad Singh says working with Sam Bankman-Fried left him in ‘severe’ distress

NEW YORK: Nishad Singh, the third member of Sam Bankman-Fried’s inner circle to testify against him, detailed a rocky relationship with his former boss that at times left him “humiliated” and, as the company collapsed, suicidal.

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Fortune

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.

Evening Standard

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

Fortune

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

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.

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