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The Latest Breaking News from FTX

From crypto king to convicted fraudster: Sam Bankman-Fried’s spectacular fall from grace

The once-hailed ‘boy wonder’ of the crypto industry rose to prominence after founding trading firm Alameda Research in 2017 at the age of 25. So what went wrong? Bevan Hurley looks back at Bankman-Fried’s remarkable rise – and even more dramatic fall as he begins his 25-year prison sentence

The Independent UK

FTX fraudster Sam Bankman-Fried may die behind bars as he’s convicted of all charges

Cryptocurrency founder was once worth $26bn

The Independent UK

Sam Bankman-Fried: Fallen FTX crypto king faces 115-year sentence for $10billion swindle

The verdict at Manhattan federal court came just shy of one year after FTX filed for bankruptcy

Evening Standard

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Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading

It is not just crypto tokens that have spectacular downfalls. So can crypto personalities.

The Conversation

Crypto tycoon Sam Bankman-Fried found guilty on all charges in fraud trial

Bankman-Fried faces up to 110 years behind bars following guilty verdict.

Al Jazeera

Shattered wunderkind image: five key takeaways from Sam Bankman-Fried’s fraud trial

The trial of the FTX founder has ended after a month with a guilty verdict. What did we learn?

The Guardian - US

Sam Bankman-Fried found guilty in $8bn FTX fraud case that could carry 110-year sentence

Cryptocurrency founder was once worth $26bn

The Independent UK

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Sam Bankman-Fried trial: former crypto star facing up to 110 years after being found guilty of fraud - as it happened

Sentencing set for March 2024 after weeks-long trial saw his inner circle turn against him. This blog is now closed.

The Guardian - US

Sam Bankman-Fried found guilty of defrauding FTX customers out of billions

The prosecutor said that ‘while the cryptocurrency industry might be new … this kind of corruption is as old as time’

The Guardian - US

Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.

WEKU

FTX founder Sam Bankman-Fried found guilty of all charges in ‘one of the biggest financial frauds in American history’

Sentencing is scheduled for March. He could face decades in prison.

Fortune

Jury begins deliberating fate of FTX founder Sam Bankman-Fried

A New York jury has begun deliberating whether FTX founder Sam Bankman-Fried was guilty of fraud in the disappearance of billions of dollars from his customers' accounts on the cryptocurrency exchange

The Independent UK

Here are 3 of the most damning documents in the trial of Sam Bankman-Fried, according to the prosecution’s final rebuttal

The jury is set to deliberate Thursday afternoon after the judge instructs them on how to weigh the evidence.

Fortune

Federal Reserve holds interest rates steady as US economy charges ahead

The US central bank maintains its pause on raising interest rates, while leaving the door open for future hikes, as inflation remains well above its 2 percent target. Also, 28 countries and the EU sign the "Bletchley Declaration" calling for international cooperation on ensuring AI safety. Plus the fate of…

France 24

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Fortune

Lawyers swap closing statements in trial of Sam Bankman-Fried: ‘Pyramid of deceit’ or just ‘bad business judgements’?

"The defendant is overwhelmingly, beyond reasonable doubt, guilty," said a prosecutor. "Bad business decisions are not a crime," said Bankman-Fried's lawyer.

The Guardian - US

Sam Bankman-Fried’s fraud trial testimony: six key takeaways

FTX founder, once the darling of Washington and Silicon Valley, blamed his ex-girlfriend and said ‘I do not recall’ a lot

The Guardian - US

Sam Bankman-Fried built ‘pyramid of deceit’, jurors hear in closing arguments

Founder of FTX platform, 31, painted by prosecution as scammer and liar who defrauded customers out of billions of dollars

Zenger

FTX Founder’s Trial Nears Climax With Intricate Legal Battles

Closing arguments set for tomorrow as Sam Bankman-Fried defends against misappropriation charges in high-profile digital asset case.

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The Independent UK

Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder Sam Bankman-Fried

In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges

Fortune

The Sam Bankman-Fried trial is an indictment of the crypto industry

Blockchain acolytes are trying to pretend that FTX never happened.

Fortune

Sam Bankman-Fried makes himself out to be an absentee CEO in new testimony

The FTX cofounder tried to distance himself from the hole in FTX’s balance sheet.

The Independent UK

Closing arguments next in FTX founder Sam Bankman's fraud trial after his testimony ends

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments

WEKU

Sam Bankman-Fried took a big risk by testifying in his own trial. It did not go well

The former FTX CEO was keen to convince jurors he did not intend to commit any crimes — but he stumbled frequently under withering questioning by the prosecution.

The Guardian - US

Sam Bankman-Fried wraps up testimony as fraud trial nears end

Prosecutors press Bankman-Fried on how Alameda Research, sister hedge fund to FTX exchange, spent $8bn of customer funds

Fortune

Bankman-Fried’s lieutenants say he directed them to commit crimes. He portrayed himself as a hands-off CEO wary of being ‘distracting’

The FTX founder took the stand for a second day of cross-examination on Tuesday.

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