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The Latest Breaking News from FTX

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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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.

Fortune

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 - US

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 - UK

‘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?

The Guardian - US

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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 Independent UK

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

The Guardian - AU

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.

Fortune

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.…

Evening Standard

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

The Guardian - US

‘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.

Fortune

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

The Guardian - US

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The Independent UK

FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public

FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year

Zenger

Cryptocurrencies Rise As Traditional Markets Calm

Bitcoin, Ethereum, and Dogecoin show gains amid easing headwinds and positive market sentiment.

Fortune

Sam Bankman-Fried’s college housemate and FTX employee details fateful conversation on tennis court: ‘We’re not bulletproof’

Adam Yedidia was the second witness called by prosecutors at Bankman-Fried’s criminal trial, which began this week.

Fortune

Authorities clip SBF’s wings, confiscate 2 private jets worth more than a combined $28 million

The private jets were apparently bought through a "handshake" loan from FTX.

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news in one place.

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Zenger

YouTuber Coffeezilla Slams Lewis’ Book For Downplaying Allegations Against FTX’s Sam Bankman-Fried

Coffeezilla criticizes Michael Lewis' book for defending FTX founder facing fraud trial.

Fortune

How Binance's CEO outwitted Bankman-Fried, and helped topple FTX

"CZ" appears to have laid a trap for Bankman-Fried in a transaction between the men that preceded FTX's collapse.

The Guardian - US

FTX co-founder testifies he committed crimes with Sam Bankman-Fried

Gary Wang, who previously pleaded guilty to his role in FTX’s downfall, is testifying under a plea agreement

Fortune

Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand

A former FTX developer, a French commodities trader, and Damian Williams, the U.S. Attorney for the Southern District of New York, all came to court.

The Independent UK

Sam Bankman-Fried trial: Billion dollar crypto fortune was ‘built on lies’, prosecutors say

Fallen crypto billionaire has gone on trial accused of stealing billions in cash and cryptocurrency from FTX investors

WEKU

SBF on trial: A 'math nerd' in over his head, or was his empire 'built on lies'?

Sam Bankman-Fried's trial in New York kicked off with lawyers from both sides delivering their opening statements, painting him as a villain or as an innocent nerd.

Fortune

Taylor Swift was lauded for dodging an FTX sponsorship. Michael Lewis’s latest book says that isn’t the full story

T-Swift's team reportedly signed the deal but SBF dragged his feet.

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