October 10, 2023
Law360 reporters are providing live coverage of the trial of FTX founder Sam Bankman-Fried. Here's a recap from day five.
October 06, 2023
Sam Bankman-Fried tweeted that the FTX trading account of his hedge fund Alameda Research was "just like everyone else's," the very same day he directed coders to build a loophole that eventually allowed Alameda to withdraw $8 billion in customer deposits, a former top deputy told a Manhattan federal jury Friday.
October 05, 2023
A close friend of FTX founder Sam Bankman-Fried and former coder at the fallen crypto exchange told a Manhattan federal jury Thursday that despite pledging his "love" for Bankman-Fried, their friendship deteriorated as he realized $8 billion of customer funds had been compromised.
October 05, 2023
The U.S. Justice Department has moved to further clip accused FTX crypto-fraudster Sam Bankman-Fried's wings, seeking forfeiture of two multi-passenger corporate jets as his criminal trial continues in New York and negotiations continue over his bankrupt cryptocurrency empire in Delaware.
October 05, 2023
Law360 reporters are providing live updates on the fraud trial of FTX Trading Ltd. founder Sam Bankman-Fried. Here's a recap of day three.
October 04, 2023
A lawyer for Sam Bankman-Fried insisted on the first day of trial Wednesday that the FTX founder never intended to steal customer money, telling a New York federal jury that prosecutors have taken good-faith business practices "out of context to make Sam look like a bad guy."
October 04, 2023
Law360 reporters are providing live coverage of the fraud trial of FTX Trading Ltd. founder Sam Bankman-Fried in Manhattan. Here's a recap of day two.
October 03, 2023
As the criminal trial of Sam Bankman-Fried gets underway, his now-bankrupt cryptocurrency exchange FTX will travel a path carved by past fraud cases like Enron, Adelphia and the Bernie Madoff Ponzi scheme, each of which left a mark on bankruptcy history.
October 03, 2023
As Sam Bankman-Fried goes on trial this week, bankrupt cryptocurrency exchange FTX Trading will have to get in line with other creditors to recover on claims against its founder if he is found guilty on charges that he defrauded the business.
October 03, 2023
A Manhattan federal judge waded through jury selection Tuesday in FTX founder Sam Bankman-Fried's trial on charges of looting billions of dollars from the fallen crypto exchange, after a prosecutor said no substantive plea talks were ever held.