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The Latest Breaking News from FTX

She's the star witness against Sam Bankman-Fried. Her testimony was explosive

Caroline Ellison accused Bankman-Fried of being the mastermind behind illegal activity at FTX. Her words carry weight: She worked with him and also once dated him.

WEKU

Caroline Ellison says FTX founder Sam Bankman-Fried corrupted her values so she could lie and steal

Sam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets

The Independent UK

Emails show how Bankman-Fried toyed with Paradigm VCs, who had misgivings but gave him nearly $300 million anyway

Emails surfaced in Sam Bankman-Fried's trial that show how he pressured Paradigm to make a huge investment despite concerns over FTX governance.

Fortune

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read the most diverse news in one place.

Alameda propped up the price of ‘Sam coin’ FTT to help secure loans, former CEO Caroline Ellison says

Ellison said in her testimony at SBF’s trial on Tuesday that he told her to use Alameda funds to prop up the price of FTT, FTX's native token.

Fortune

The Sam Bankman-Fried trial could have been much worse for Washington, D.C.

Hundreds of elected officials took campaign contributions from the alleged fraudster prior to the collapse of FTX.

Fortune

Caroline Ellison says she felt ‘relief not to have to lie any more’ after FTX collapse

Former Alameda Research CEO describes in teary testimony how her ex-boyfriend Sam Bankman-Fried led her to commit fraud

The Guardian - US

FTX was a boys’ club. When Caroline Ellison asked Sam Bankman-Fried for equity in the hedge fund she ran, he said ‘it was too complicated’

The former CEO of Alameda Research had only a half-a-percentage-point stake in FTX and no equity in the crypto hedge fund she once led, she testified on Tuesday afternoon.

Fortune

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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

Star witness Caroline Ellison starts testimony at FTX founder Sam Bankman-Fried's trial

The trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him

The Independent UK

Sam Bankman-Fried’s friends sang like canaries—now comes his ex-girlfriend Caroline Ellison

The jury will likely hear about alleged corporate fraud—and Caroline’s unhappy relationship with Sam.

Fortune

Sam Bankman-Fried trial: ex-girlfriend says he directed her to commit crimes

Caroline Ellison, who dated Bankman-Fried for years, tells court that he gave the orders to commit $10bn in fraud

The Guardian - US

Will Sam Bankman-Fried take the stand? Legal experts on the pros and cons

The former FTX CEO could use his testimony to solicit empathy from the jury, but it would also leave him open to cross-examination by prosecutors.

Fortune

Prosecutors don’t want Bankman-Fried’s lawyers mentioning his $500 million investment in AI startup Anthropic: ‘It is immaterial’

SDNY prosecutors filed a letter Sunday requesting the judge stop any possible mention of the investment.

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

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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.

The Guardian - US

Sam Bankman-Fried’s ex-girlfriend’s testimony could be the most damning evidence yet

Caroline Ellison, former CEO of Alameda Research, will take the stand as the prosecution’s star witness on Tuesday

The Guardian - UK

Going Infinite by Michael Lewis review – the downfall of crypto king Sam Bankman-Fried

In this extraordinary book, the author of The Big Short digs into the roots of the ideological fantasy land created by the cryptocurrency billionaire now on trial in the US

The Guardian - US

‘Math nerd’ or crypto criminal? Question at heart of Sam Bankman-Fried’s trial

Prosecutors have depicted a malicious financial mastermind, but his defense says he’s just a wayward boy genius. Which will jurors believe?

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news in one place.

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The Independent UK

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 Guardian - AU

Five Great Reads: Katie Price bounces back from rock bottom, Savile survivor speaks, and the fall of FTX

Guardian Australia’s weekend wrap of essential reads from the past seven days, selected by Kris Swales

Fortune

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.

Evening Standard

Going Infinite review: The inside story of how Sam Bankman-Fried crashed to earth

Sam Bankman-Fried was just 24 when he delivered what looked to be the most profitable day in history for his employers, Jane Street Capital. He had devised an intricate system to predict electoral college votes in different states in the 2016 US election faster than they were called on CNN.…

The Guardian - US

Sam Bankman-Fried was not surprised by $8bn FTX shortfall, key witness says

Gary Wang says Bankman-Fried had ‘neutral demeanor’ when told crypto exchange had lost billions days before collapse

Fortune

‘Going Infinite’ Review: Michael Lewis had incredible access to Sam Bankman-Fried but got played by his own protagonist

Bankman-Fried told Lewis at one point: "I read people pretty well…They just didn't read me." If only Lewis had listened.

The Guardian - US

The trials of SBF and DJT: Trump isn’t clean on crypto but he did warn us about it

Two trials – and Michael Lewis’s new book on Sam Bankman-Fried – cast light on the everlasting nexus of power and greed

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