FTX Collapse
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Key Points From the Sam Bankman-Fried Trial's First Week
I’ve spent the past week in a courtroom covering Sam Bankman-Fried. Here’s what we’ve heard.
By Nikhilesh DeOct 10, 2023
Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans
The defendant in a multi-billion fraud trial is pressing to blame legal advice, despite judicial reluctance to let him.
By Jack SchicklerOct 10, 2023
What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried's Trial
The former Alameda CEO will “tell you about how she and the defendant stole money customers entrusted to FTX,” a prosecutor said. Defense’s cross-examination may get personal.
By Sam KesslerOct 9, 2023
DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court
FTX owns a stake in Anthropic which was worth $500 million last year.
By Nikhilesh DeOct 9, 2023
Former Alameda Research CEO Caroline Ellison to Testify Tuesday in Sam Bankman-Fried Trial
Gary Wang, a former top lieutenant in Bankman-Fried’s empire, testified that Alameda had “special privileges” at FTX that allowed the hedge fund to spend $8 billion of exchange customers’ money.
By Danny Nelson, Helene Braun, Elizabeth NapolitanoOct 6, 2023
Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies
Gary Wang, the former chief technology officer and co-founder of FTX, told a jury that he, Bankman-Fried and fellow former executives Caroline Ellison and Nishad Singh committed multiple forms of fraud.
By Danny Nelson, Helene Braun, Nikhilesh DeOct 5, 2023
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed.
By Jamie CrawleyOct 5, 2023
Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders, the former employee said.
By Sam ReynoldsOct 4, 2023
Sam Bankman-Fried ‘Lied,’ DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison
“He poured money – other people’s money – into investments to make himself even richer,” the prosecutor said in opening arguments.
By Nikhilesh De, Helene Braun, Sam KesslerOct 4, 2023
Sam Bankman-Fried Now Has a Jury
A federal judge picked a dozen New Yorkers to try the FTX founder on fraud and conspiracy charges.
By Nikhilesh DeOct 4, 2023