This week, the court was in session for just two days but saw the conclusion of the prosecution's case and the beginning of Sam Bankman-Fried's personal testimony.
The BlockFi lending platform has successfully achieved a remarkable turnaround nearly eleven months after its collapse in the aftermath of FTX. And FTX apparently has three bidders hoping to bring it back to life.
Wallet addresses connected to Alameda Research and FTX transferred over $10 million of crypto to Binance and Coinbase, presumably preparing for their sale in order to raise more funds to compensate customers.
Wallet addresses connected to Alameda Research and FTX transferred over $10 million of crypto to Binance and Coinbase, presumably preparing for their sale in order to raise more funds to compensate customers.
This week, the court was in session for just two days but saw the conclusion of the prosecution's case and the beginning of Sam Bankman-Fried's personal testimony.
The BlockFi lending platform has successfully achieved a remarkable turnaround nearly eleven months after its collapse in the aftermath of FTX. And FTX apparently has three bidders hoping to bring it back to life.
The market is allegedly warming to FTX bankruptcy claims with a price of over 50 cents per dollar on some OTC trades. The rising valuation of SBF investment Anthropic might be one of the reasons for this.
The key witness this week was former FTX engineering chief Nishad Singh. Subsequent witnesses called by the prosecution were less relevant, earning them a ticking-off from the Judge.
The FTX Debtors proposed a settlement of customer property disputes this week, but it was so badly (or cleverly depending on how cynical you are) worded that most media outlets reported the wrong facts.
Another week of the Sam Bankman-Fried trial has passed. All eyes were on star witness Caroline Ellison, who claims that there was indeed a fraud and blames Bankman-Fried for setting it all up.
