Category: FTX collapse

FTX Founder Sam Bankman-Fried Cannot Blame Lawyers in Opening Statement, but Can Raise Defense Later: Judge

October 1, 2023CryptoLeave a Comment

In his ruling, the judge said the phrasing of the various filings raise questions about “what would constitute ‘undue’ focus on attorney involvement,” “what could suggest inappropriately that attorneys had ‘blessed’ a particular course of conduct” and what legal theory would allow evidence that met the first two questions.

FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says

September 30, 2023CryptoLeave a Comment

“To obtain likely less than 30 minutes of testimony from overseas FTX customer witnesses, however, requires, for at least some countries, coordinating with local authorities, arranging multi-day travel itineraries to accommodate varying time changes and travel delays, and incurring significant costs associated with such arrangements. Notwithstanding those hurdles, the Government is in the process of […]

DOJ's Proposed Jury Questions 'Risks Tainting' Bankman-Fried's Panel, Defense Says

September 29, 2023CryptoLeave a Comment

Sam Bankman-Fried’s attorneys objected to some of the U.S. Department of Justice’s proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case.

DOJ Claims About Sam Bankman-Fried's Laptop Access Are 'Inaccurate', Defense Alleges

September 8, 2023CryptoLeave a Comment

DOJ Claims About Sam Bankman-Fried's Laptop Access Are 'Inaccurate', Defense Alleges

Sam Bankman-Fried’s Laptop Has a New Battery Now, DOJ Says

September 5, 2023CryptoLeave a Comment

Twice a week, Bankman-Fried has access to an internet-enabled laptop. Defense attorneys had previously raised issues about the battery life and weak internet connection, but Tuesday’s letter said the defense team had provided a new battery that “has approximately 8 hours battery life,” and the internet speed over the course of a day ranged from […]

Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases

August 21, 2023CryptoLeave a Comment

Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into existing charges.

Is Sam Bankman-Fried Going to Jail?

August 2, 2023CryptoLeave a Comment

Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege were meant to harass a fellow executive from the FTX empire and potentially influence her testimony.

FTX Founder Sam Bankman-Fried’s Attempts to Influence Witnesses Show He Must Be Jailed Before Trial: DOJ

July 28, 2023CryptoLeave a Comment

“The defendant’s leaking of Ellison’s private writings is yet another instance of the defendant trying to intimidate and corruptly persuade Ellison with respect to her upcoming trial testimony, as well as an effort to influence or prevent the testimony of other potential trial witnesses by creating the specter that their most intimate business is at […]

FTX Bankruptcy Special Counsel, Advisers Bill $38M for January

March 7, 2023CryptoLeave a Comment

FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case.

Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals

March 4, 2023CryptoLeave a Comment

Despite the massive drawdown, Multicoin’s hedge fund remains up 1,376% net of fees from its inception through 2022. As the broader crypto market rebounded from last year’s lows, Multicoin reported that the fund gained 100.9% in January 2023, bringing the fund’s inception-to-January return to 2,866%.