Witness Adam Yedidia gave his testimony during the fraud trial of Sam Bankman-Fried, the founder of FTX, a bankrupt cryptocurrency exchange. Yedidia, a former friend and colleague of Bankman-Fried, revealed that he and Bankman-Fried’s other former classmates and employees were involved in financial crimes that defrauded FTX customers of billions of dollars. During the trial, …
He found himself in a difficult situation. Sam Bankman-Fried, the accused fraudster, confessed that his crypto hedge fund may struggle to cover an $8 billion debt while playing “padel” tennis at a luxurious Bahamian resort. He resided in a $35 million penthouse. A former close colleague, Adam Yedidia, testified about raising concerns regarding the massive …
Sam Bankman-Fried Trial at Federal Court in New York on October 4th, 2023, Features Testimony from First Witness London-based commodities broker, Marc-Antoine Julliard, known for trading cocoa beans, made the decision in 2021 to expand his portfolio into cryptocurrency trading. Julliard chose the platform FTX for his foray into this new market. Fast forward two …
Brad Garlinghouse, CEO of Ripple Labs Inc., delivered a speech at the Token2049 conference in Singapore on September 13, 2023. Joseph Nair | Bloomberg | Getty Images Cryptocurrency company Ripple has announced that it has successfully obtained a major payments institution license in Singapore, marking a significant move towards expanding its presence in the Asia-Pacific …
The criminal trial of FTX founder Sam Bankman-Fried commenced in a Manhattan courthouse on Tuesday, as the once-revered figure in cryptocurrency faces charges for orchestrating what prosecutors describe as “one of the largest financial frauds in American history.” The 31-year-old previously led the cryptocurrency exchange FTX, which had a valuation of $32 billion before its …
A year ago, Sam Bankman-Fried was hailed as a titan of the industry, living a luxurious life in a $40 million penthouse in the Bahamas while overseeing a crypto empire worth $32 billion. However, things have taken a dramatic turn, as Bankman-Fried will now face trial in a Manhattan federal court in New York for …
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters Sam Bankman-Fried, the alleged crypto criminal who stands accused of masterminding one …
Sopa Images | Lightrocket | Getty Images Authorities have apprehended Su Zhu, a co-founder of the bankrupt digital asset hedge fund Three Arrows Capital, who was attempting to flee Singapore. Liquidators overseeing the bankruptcy estate of 3AC, the collapsed fund, announced on Friday that Zhu was arrested at Changi Airport in Singapore while trying to …
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase’s decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. Chase UK earlier …
Cameron and Tyler Winklevoss withdrew over $280 million from their crypto company’s bank shortly before the firm collapsed, leaving customers unable to access their deposits. The twins, known for their dispute with Mark Zuckerberg over Facebook, have been involved in another legal battle with billionaire Barry Silbert and his company Digital Currency Group. Genesis, Silbert’s …