Cryptocoins News / The Cointelegraph - 1 year ago
FTX’s so-called “Backstop Fund” figure was a big lie, according to the crypto exchange’s former chief technology officer. Crypto exchange FTX used hidden Python code t...
Bitcoin News / Bitcoinist - 1 year ago
Reports have shown what former Chief Executive Officer of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried allegedly paid Golden State Warriors star Stephen Curry to promote the failed cryptocurrency exchange.
NBA ALL-Star Was Paid $35 Mill...
Bitcoin News / Bitcoinist - 1 year ago
The Sam Bankman-Fried (SBF) trial continued on October 6 (Day 4), with FTX Co-founder and SBF’s associate Gary Wang taking the stand once more in continuation of the proceedings from the previous day. Wang was more specific in his testimony this time...
Bitcoin News / Bitcoin.com - 1 year ago
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detai...
Cryptocoins News / The Cointelegraph - 1 year ago
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate. Cointelegraph reporters are on the ground in New York for the tri...
Cryptocoins News / The Cointelegraph - 1 year ago
FTX’s former chief technology officer reportedly claimed in court that then-CEO Sam Bankman-Fried authorized Alameda Research’s account to trade more funds than it had available....
Cryptocoins News / Finance Magnates - 1 year ago
Gary Wang, a key witness for prosecutors in the trial of his
former partner, Sam Bankman-Fried (SBF), revealed that he and SBF committed
multiple financial crimes related to their oversight of the now-bankrupt crypto
exchange, FTX. This admission, ac...
Bitcoin News / Bitcoin.com - 1 year ago
The decentralized exchange (dex) Thorswap has paused operations after a series of funds stemming from the FTX hacker was sent to the dex protocol. Thorswap took to social media and said that the team “stands firmly against any and all crim...
More / Bitcoin Reddit - 1 year ago
Do you think that people who has all their funds in this exchange going to think that is good invest again in Cryptocurrency? For me it will be something that i just leave for being angry or just think that it will be happen again. Like Hotbit i just...
Bitcoin News / Bitcoinist - 1 year ago
On October 5 (Day 3 of the Sam Bankman-Fried “SBF” Trial), the prosecution called some key witnesses to prove that SBF committed fraud. One of the witnesses called was FTX Co-founder and SBF’s associate Gary Wang with the former FTX executive making...
Bitcoin News / Bitcoin.com - 1 year ago
Former FTX chief technology officer Gary Wang took the stand on Thursday in the trial of FTX founder Sam Bankman-Fried. Wang admitted to committing financial crimes with Bankman-Fried, former Alameda CEO Caroline Ellison, and former FTX engineering e...
Cryptocoins News / The Cointelegraph - 1 year ago
Matt Huang said he was led to believe that Alameda Research was not being provided any special treatment by FTX. Sam “SBF” Bankman-Fried was “very resistant” to having...
Cryptocoins News / The Cointelegraph - 1 year ago
Yedidia was involved in writing a buggy program to automate FTX customer deposits and withdrawals and was concerned by the size of the Alameda Research liability on the FTX books....
Bitcoin News / Bitcoin.com - 1 year ago
During the Sam Bankman-Fried trial this week, Adam Yedidia, a close friend and former employee of the ex-FTX chief, delivered his testimony. Yedidia had a brief stint as an intern at Alameda Research, a quantitative trading firm linked to FTX, before...
Bitcoin News / Bitcoinist - 1 year ago
As the trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, got underway, the testimony of witnesses shed light on a report by The Wall Street Journal.
The report revealed that the company’s employees had uncovered a...
Cryptocoins News / The Cointelegraph - 1 year ago
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate. Cointelegraph reporters are on the ground in New York for the tri...
Cryptocoins News / The Cointelegraph - 1 year ago
Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange’s use of funds, claiming “Alameda had used customer deposits to pay its loans.”...
Bitcoin News / Bitcoin.com - 1 year ago
In the ongoing criminal case against Sam Bankman-Fried, federal prosecutors have unveiled a forfeiture bill, indicating the Department of Justice’s (DOJ) intent to commandeer two luxury jets belonging to the ex-FTX chief. Specifically, the DOJ...
Cryptocoins News / The Cointelegraph - 1 year ago
While the exploiter initially held 175,496 ETH ($294 million), the current balance in their portfolio has come down to $196.014 million after a series of transfers. T...
Bitcoin News / Bitcoinist - 1 year ago
Both parties in the ongoing trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried, gave their opening arguments on October 4 as part of the Day 2 proceedings. During this stage, the Prosecution made certain accusations, which...
Cryptocoins News / Blockchain - 1 year ago
FTX issues a fresh warning about phishing emails and scam sites mimicking its Debtors' portal. The alert, dated October 5, 2023, comes amid industry-wide concerns about phishing attacks, including a recent warning from Binance CEO Changpeng Zhao. (Re...
Cryptocoins News / The Cointelegraph - 1 year ago
45 prospective jurors were narrowed down to 12 after they were asked to discuss their background, employment, education, partners, children and their age. A pregnant p...