USA v. BANKMAN-FRIED

  1. October 18, 2023

    Trial Expert Says FTX Drained $9B Of Customer Funds

    A "penetrating" look into fallen crypto-exchange FTX's books shows Sam Bankman-Fried's businesses mishandled $9 billion that customers deposited, a professor testified Wednesday as a battle of trial experts played out in Manhattan federal court with the government enjoying the clear upper hand.

  2. October 18, 2023

    COVERAGE RECAP: Day 11 Of Sam Bankman-Fried's Trial

    Law360 reporters are providing live coverage of the trial of FTX Trading Ltd. founder Sam Bankman-Fried. Here's a recap from day 11.

  3. October 17, 2023

    Bankman-Fried Atty Scores Points Quizzing 3rd Gov't Witness

    FTX founder Sam Bankman-Fried's lawyer poked at the fallen crypto exchange's former engineering director Nishad Singh in Manhattan federal court Tuesday with questions bolstering the defense's argument that Bankman-Fried operated in good faith and cooperating witnesses like Singh changed their tune only in hindsight.

  4. October 17, 2023

    COVERAGE RECAP: Day 10 Of Sam Bankman-Fried's Trial

    Law360 reporters are providing live coverage of the trial of FTX Trading Ltd. founder Sam Bankman-Fried. Here's a recap of day 10.

  5. October 16, 2023

    SBF Spent On Celebs, Pols As Bankruptcy Loomed, Jury Told

    FTX's former head of engineering told a Manhattan federal jury on Monday that Sam Bankman-Fried shelled out money to celebrities and lawmakers even after fraudulently burning a multibillion-dollar hole in the exchange's balance sheet.

  6. October 16, 2023

    COVERAGE RECAP: Day 9 Of Sam Bankman-Fried's Trial

    Law360 reporters are providing live coverage of the trial of FTX Trading Ltd. founder Sam Bankman-Fried. Here's a recap from day nine.

  7. October 13, 2023

    BlockFi Was Kept In Dark As FTX Fund Cratered, Jury Hears

    The second week of Sam Bankman-Fried's Manhattan federal court trial finished Friday with testimony from the founder and CEO of BlockFi Inc., who said the now-bankrupt crypto lender relied on balance sheets showing that FTX-tied hedge fund Alameda Research had assets "north of $6 billion."

  8. October 13, 2023

    Bankman-Fried Notches Small Victories In Star Witness Cross

    The highly anticipated cross-examination of star government witness Caroline Ellison in the fraud trial of FTX founder Sam Bankman-Fried was relatively brief and ended Thursday with a fizzle rather than fireworks — but experts say the beleaguered defense potentially scored a few points that might undercut Ellison's earlier powerful and lengthy testimony for the government.

  9. October 13, 2023

    COVERAGE RECAP: Day 8 Of Sam Bankman-Fried's Trial

    Law360 reporters are providing live coverage of the trial of FTX Trading Ltd. founder Sam Bankman-Fried. Here's a recap from day eight.

  10. October 12, 2023

    Bankman-Fried Atty Parries Star Witness As Feds Object

    FTX founder Sam Bankman-Fried's lawyer pressed Thursday to create daylight between his client, who is accused of leading a $10 billion fraud that sank the cryptocurrency exchange, and star prosecution witness Caroline Ellison amid a constant barrage of government objections in Manhattan federal court.