Category: Sam Bankman-Fried

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 […]

Millions in Ether Tied to FTX 'Hacker' on The Move

September 30, 2023CryptoLeave a Comment

FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.

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.

As Sam Bankman-Fried’s Trial Approaches, the FTX Bankruptcy Claims Market Is Booming

September 28, 2023CryptoLeave a Comment

According to data gathered by Matrixport, a crypto services provider that is tracking the market, the expected payout for creditor claims against FTX has surged to an average of 37 cents on the dollar, its highest since the bankruptcy filing in late 2022, and up from just over 10 cents at the start of 2023.

Sam Bankman-Fried Blames Everyone but Himself for FTX’s Collapse

September 15, 2023CryptoLeave a Comment

Most notably, Bankman-Fried still seems unwilling to take any responsibility for what happened — or even register that $8 billion *somehow* went missing, people lost life savings or that he could spend the next decades of his life rotting in prison. And, somehow, his biggest regret still seems wrapped up in his fallen public persona, […]

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 […]

Robinhood (HOOD) to Buy Back Sam Bankman-Fried’s $605.7M Stock

September 1, 2023CryptoLeave a Comment

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FTX Founder’s Planned Defense is ‘Irrelevant’ Without More Details, DOJ Argues

August 30, 2023CryptoLeave a Comment

“The Court should preclude irrelevant, confusing, and prejudicial questioning, evidence, and arguments about the involvement of attorneys” if no further details are provided, U.S. Attorney Damian Williams said in the filing, arguing Bankman-Fried should specify the legal advice or abandon his proposed defense.