Sam Bankman-Fried's Lawyers Request Clarification and Reconsideration on Rulings in FTX Trial
Sam Bankman-Fried's legal team has requested clarification and reconsideration on certain aspects of the court's rulings following testimony from former FTX CTO Gary Wang and former Alameda CEO Caroline Ellison. The defense seeks clarification on the ruling to preclude Bankman-Fried from arguing that FTX was not regulated in the US and that he followed rules for FTX US.
Former Alameda Research CEO testifies that crypto trading firm paid Chinese officials to unlock trading accounts on OKX and Huobi
Former Alameda Research CEO Caroline Ellison testified during the Sam Bankman-Fried trial that the crypto trading firm paid Chinese officials to unlock their Alameda trading accounts on OKX and Huobi in China. However, Bankman-Fried is not charged with bribery of Chinese officials in this case, and the evidence was presented for limited purposes of displaying trust and confidence as well as motive between Bankman-Fried and Ellison. Ellison testified that Bankman-Fried and Trabucco told her via a Signal chat to make the payments, and the accounts were reopened after she made about $100 million to $150 million in payments of "crypto transfers" to accounts. During the trial, it was revealed that Alameda employees tried various strategies to open the accounts, including getting Thai prostitutes to open accounts on the exchanges, but these efforts were unsuccessful.
SBF’s Draft Tweet Was Exposed in September Last Year, and It Had Planned to Announce the Closure of Alameda Research
October 11th, in the SBF trial, a tweet draft edited by SBF in September last year was adopted as evidence by the court. The draft shows that SBF planned to announce the closure of Alameda Research to the world in this way.
In the draft, SBF described Alameda Research as "one of my biggest successes" and referred to it as "one of the supports of the ecosystem". SBF also stated "Alameda Research is dead. Long live FTX."
Sam Bankman-Fried's Defense Team Seeks to Question Caroline Ellison on Legal Counsel Dependence and FTX's Anthropic AI Stake Valuation
Sam Bankman-Fried's defense team has filed motions to question Caroline Ellison about her reliance on legal counsel while CEO of Alameda Research and the valuation of FTX's stake in Anthropic AI. Ellison is the star witness in the criminal fraud case against Bankman-Fried, and the defense wants to address the "advice-of-counsel" argument.
Gary Wang received a $35 million loan from Alameda to purchase a property
FTX co-founder Gary Wang testified that he received a $35 million loan from Alameda to purchase real estate, and SBF deposited $1 million into Wang's FTX account to pay the loan interest. Wang stated that FTX lawyer Dan Friedberg, referred to as SBF's "mediator" in previous FTX bankruptcy filings, signed the check recording the loan.
Sam Bankman-Fried Seeks Permission to Question FTX Co-Founder Gary Wang's Reliance on Legal Advice in Loan Arrangements
Sam Bankman-Fried's lawyers have requested permission from Judge Lewis Kaplan to question FTX co-founder Gary Wang about his reliance on legal advice when agreeing to loans from Alameda Research. The letter seeks carve-outs from the judge to allow Bankman-Fried to argue that lawyers' involvement shows he did not realize the loans were improper.
Addresses Marked FTX and Alameda Transferred 4.8 Million USDT to Kraken
PeckShield monitoring shows that a total of approximately 4.8 million USDT was transferred from addresses marked as FTX (THypwN...KggM) and Alameda (TVHf87...qtvN) on the TRON chain to the Kraken exchange address (TQR4NW...2sjW).
FTX Hacker Uses Sam Bankman-Fried's Trial to Obfuscate Stolen Funds, Says CertiK Director
The hacker who stole over $400 million from FTX and FTX US in November may be using the attention surrounding Sam Bankman-Fried's fraud trial to further hide the funds, according to CertiK's director of security operations Hugh Brooks.
Former Alameda Research CEO Will Testify Today, Testimony May Have Potentially Damaging Revelations
The trial of the SBF fraud case is underway, and Caroline Ellison, the former lover of the CEO of Alameda Research and SBF, will testify in court today. The testimony may provide the most in-depth and potentially destructive disclosure of FTX and Alameda financial transactions. Due to Ellison's close relationship with SBF and her position at Alameda, she has even become the focus of the trial before her scheduled testimony.
Former FTX CEO Sam Bankman-Fried faces fraud charges in federal court trial with weak defense narrative
Sam "SBF" Bankman-Fried, the former CEO of FTX, is currently facing seven counts of fraud and conspiracy to commit fraud against FTX investors and customers in a federal court in New York. The Department of Justice has presented a strong legal case against him, while his defense team has offered minimal resistance. Prosecutors have presented evidence, including changes made to FTX's code by Bankman-Fried's request, to show that he deliberately lied to investors, journalists, and clients. If Bankman-Fried's defense team decides to appeal the case, they would need to identify legal errors or misconduct during the trial, which can be a lengthy process.
