The trial, set to last six weeks, will resume on Tuesday with key testimony expected from Ellison, who is considered the prosecution's star witness, having already pleaded guilty to multiple charges. Bankman-Fried faces sevenfederal charges, including wire fraud, securities fraud and money launde...
Crypto Market Update Written by Van Table of Contents Banking and Regulatory Updates Sam Bankman-Fried Faces Fraud Charges, Trial Scheduled Balancer Reports Critical Vulnerability in V2 Pools Coinbase Acquires Stake in Circle, Expands USDC Integration Ethereum Layer 2 Solutions Gain Traction Amid Bear...
The same sorts of stories were told during Bankman-Fried's monthlong criminal trial last year. Prosecutors won their case by convincing jurors that Bankman-Fried had stolen at least $8 billion from customers. For some people, that meant financial ruin. "In its sentencing submission, the prosecu...
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The old money was not impressed by the nouveau riche antics of the FTX crew. Bankman-Fried tweeted last year of the group’s secret sauce for success: “Stimulants when you wake up, sleeping pills if you need them when you sleep.” ...
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The clinical hold was initiated by the Agency due to previously reported preclinical data. Fulcrum will suspend dosing in the Phase 1b trial of FTX-6058 and intends to work diligently with the Agency to resolve the hold as soon as possible. ...
The majority of platforms now support PoS chains following The Merge, so this is the first action taken by the major exchanges to get ready for the biggest update to the Ethereum network. It is unclear if Binance, Coinbase, or other exchanges have taken similar action. ...
Last week the New York Timesdid a puff pieceon the judge that will be presiding over the Sam Bankman-Fried criminal trial in the Federal courthouse in lower Manhattan. The judge is Ronnie Abrams. The narrative at the New York Times is that Abrams’ “h...
Follow along for all the latest news and regular updates from the trial. Related ‘I fucked up,’ says FTX founder in public apology However, FTX reportedly lent over half of its customer funds to Alameda, which then used them to bet on other cryptocurrencies andhelp out other crypto firms...