Sam Bankman-Fried last year told a close friend from MIT who joined FTX as a software developer that the cryptocurrency exchange was no longer “bulletproof” amid mounting failures in the industry and $8 billion that had been lent to affiliated hedge fund Alameda Research.
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Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-FriedJury selection began Tuesday in the fraud trial of FTX founder Sam Bankman-Fried after a prosecutor revealed that no discussions about a potential plea agreement took place in the nearly 10 months since the cryptocurrency executive was arrested and brought to the United States.
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Sam Bankman-Fried's trial to resume with jury selection, opening statementsBy Luc Cohen NEW YORK (Reuters) - Sam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX ...
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Sam Bankman-Fried's trial to resume with jury selection, opening statementsSam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange is set to resume on Wednesday, with the judge aiming to finish selecting a jury and move on to opening statements. The 31-year-old-former billionaire's trial kicked off on Tuesday, nearly a year after FTX collapsed in a meltdown that shocked financial markets and tarnished the budding entrepreneur and philanthropist's reputation as an honest actor in a crypto sector pockmarked by scams and purported get-rich-quick schemes. U.S. District Judge Lewis Kaplan chose a pool of nearly 50 qualified jurors, after dismissing dozens who could not serve for personal or professional reasons or would not be able to reach an impartial verdict.
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Sam Bankman-Fried faces crypto-crash fatigue with potential jurors in FTX trialAt least five potential jurors told a judge that they or relatives lost money on crypto, highlighting a public-perception challenge for the FTX founder in his criminal trial.
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FTX founder Sam Bankman-Fried’s trial to resume with jury selection, opening statementsSam Bankman-Fried has pleaded not guilty and is likely to argue that while he failed to adequately manage risk, he did not steal money
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Who’s Who in the Sam Bankman-Fried Trial(Bloomberg) -- Opening arguments start Wednesday as Sam Bankman-Fried stands trial accused of orchestrating one of the biggest financial frauds in American history. At his peak, was the crypto industry’s golden boy. He had $16 billion and a digital assets empire.Prosecutors will tell the court how Bankman-Fried directed the use of customer funds for trading at sister hedge fund Alameda Research, lavish property purchases in The Bahamas, executive loans and political donations at a time when Cong
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