This week, the court was in session for just two days but saw the conclusion of the prosecution's case and the beginning of Sam Bankman-Fried's personal testimony.
The key witness this week was former FTX engineering chief Nishad Singh. Subsequent witnesses called by the prosecution were less relevant, earning them a ticking-off from the Judge.
This week, the court was in session for just two days but saw the conclusion of the prosecution's case and the beginning of Sam Bankman-Fried's personal testimony.
The key witness this week was former FTX engineering chief Nishad Singh. Subsequent witnesses called by the prosecution were less relevant, earning them a ticking-off from the Judge.
The FTX Debtors proposed a settlement of customer property disputes this week, but it was so badly (or cleverly depending on how cynical you are) worded that most media outlets reported the wrong facts.
Another week of the Sam Bankman-Fried trial has passed. All eyes were on star witness Caroline Ellison, who claims that there was indeed a fraud and blames Bankman-Fried for setting it all up.
Today, on October 4th, SBF will spend his first day in court almost one year after FTX collapse. He faces seven charges and if found guilty might spend his whole life in prison.
The Fed Board issued an enforcement action against 136-year-old Farmington State Bank, which has previously been associated with FTX founder Sam Bankman-Fried's Alameda Research.
