News with the tag "ftx trial"

FTX faces potentially fatal challenges as the IRS levies an unprecedented $24 billion tax claim against the troubled cryptocurrency exchange. Image by Michael O’Keene, Adobe Stock. According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are “comple...

SBF claimed "I don't recall" to: when he discussed Signal auto-deletion with lawyers, asking for authorization to share "business-related spreadsheets over Signal", specific conversations about this practice, if he violated the policy, and many other aspects.

The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.

The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.

As the FTX trial is unfolding, recent testimony has revealed major internal issues at the cryptocurrency exchange, raising questions about the industry at large. The revelations come amid a week of heated courtroom debates and could reshape the way cryptocurrency exchanges operate in the future.... ...

A 75-minute recording, obtained by Cointelegraph, shows the exact moment former Alameda Research CEO Caroline Ellison told employees about their use of FTX customer deposits.

Former Alameda Research chief executive Caroline Ellison says former FTX CEO Sam Bankman-Fried directed her to commit fraud. Ellison said Alameda, the trading arm of FTX, took around $14 billion from the exchange’s customers and used it for investments between 2020 and 2022, according to lengthy cou...

The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), resumed on October 10. As expected, the prosecution called Alameda Research’s ex-CEO and SBF’s ex-girlfriend, Caroline Ellison, to testify against the defendant. Ellison Does More Damage To Sam Bankman-Fried Def...

FTX’s so-called “Backstop Fund” figure was a big lie, according to the crypto exchange’s former chief technology officer.

FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange