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The Latest Breaking News from FTX

FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial

Sam Bankman-Fried says he never set out to steal from people while testifying in his own defence in Manhattan court.

Al Jazeera

Sam Bankman-Fried admits to ‘large mistakes’ in crypto fraud trial testimony

Bankman-Fried says his biggest mistake was not implementing a dedicated risk management team for crypto trading platform FTX

The Guardian - US

Sam Bankman-Fried on the stand: ‘A lot of people got hurt’

Disgraced crypto entrepreneur admits mistakes were made in FTX’s collapse but denies he’s a crook

The Independent UK

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Sam Bankman-Fried blames everyone but himself for FTX’s approach to risk management, including a trillion-dollar trading disaster

The FTX founder finally faced a jury on Friday, sharing a version of events that contradicted previous testimony from Gary Wang and Nishad Singh.

Fortune

Sam Bankman-Fried's performance on the stand shows his twisted moral compass

Sam Bankman-Fried's first day on the stand showed why lawyers say it's typically a bad idea for defendants to testify.

Fortune

FTX founder Sam Bankman-Fried testifies at his fraud trial

FTX founder Sam Bankman-Fried has begun testifying at his fraud trial, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and customers were hurt

The Independent UK

Sam Bankman-Fried asked about co-living at FTX, ex-girlfriend and poker during fraud trial – as it happened

Lawyers for Bankman-Fried question him about the unusual housing and lifestyle habits of FTX employees

The Guardian - US

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Sam Bankman-Fried stumbles through cross-examination—and he wasn’t even in front of the jury

In an unusual hearing without the jury present, the disgraced crypto founder faced an unrelenting prosecution.

Fortune

Sam Bankman-Fried blames FTX lawyers in surprise judge-only testimony

In a rare move, disgraced former ‘crypto king’ Sam Bankman-Fried took the stand without the jury

The Independent UK

Sam Bankman-Fried testifies in his crypto fraud trial without jury present

The CEO of the failed cryptocurrency exchange FTX is charged with seven counts of wire fraud and conspiracy to launder money

The Guardian - US

Sam Bankman-Fried awaits chance to tell his side of story in epic cryptocurrency exchange collapse

Prosecutors have rested, setting the stage for Sam Bankman-Fried to tell a jury at a New York criminal trial his version of how his multibillion dollar cryptocurrency empire collapsed, causing billions of dollars in losses that the government blames on him

The Independent UK

Sam Bankman-Fried wants to throw FTX lawyers under the bus when he takes the stand, per court filing

The defense also plans to prompt Bankman-Fried to testify about common practices in the crypto industry as well as why he pushed for the Bahamas to oversee FTX's bankruptcy.

Fortune

Up First briefing: Maine mass shootings; dwindling fuel complicates Gaza aid

Maine police are searching for a person of interest after a series of mass shootings last night. The U.N. says it can't continue to distribute aid in Gaza without more fuel.

WEKU

Sam Bankman-Fried will testify in his defense in what may be the gamble of his life

The former FTX CEO, who is accused of orchestrating one of the largest financial frauds in history, plans to testify in his own criminal trial in a major gamble to avoid prison time.

WEKU

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Evening Standard

Former cryptocurrency boss Sam Bankman-Fried will testify at trial, lawyer says

The FTX founder is accused of stealing billions of dollars from investors and customers

The Independent UK

Sam Bankman-Fried plans to testify at his New York fraud trial, his lawyer says

A lawyer for Sam Bankman-Fried says the FTX founder plans to testify at his fraud trial

The Guardian - US

FTX founder Sam Bankman-Fried plans to testify at criminal fraud trial

Bankman-Fried, 31, charged with seven criminal counts of securities fraud, wire fraud, and conspiracy to launder money

Fortune

Sam Bankman-Fried’s attorneys confirm he will take the stand in his own defense

His lawyers confirmed that the disgraced crypto founder will testify at a hearing on Wednesday.

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news in one place.

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The Guardian - UK

Going Infinite by Michael Lewis review – falling for the antihero

The Moneyball author develops a misguided soft spot for fallen crypto king Sam Bankman-Fried

The Conversation

Fallen crypto king Sam Bankman-Fried was 'perfectly positioned to make a religion of himself'

A year ago, Sam Bankman-Fried (often called “SBF”) was on top of the world. He had been on the covers of Forbes, which dubbed him “the richest twentysomething in the world”, and Fortune – the equivalent, for a business leader, of a rock star on Rolling Stone, or an athlete…

Fortune

Sam Bankman-Fried: Will he testify?

Defense lawyers typically tell their clients not to take the stand—Sam Bankman-Fried’s case could be the exception.

WEKU

They were Sam Bankman-Fried's friends. Now they could send him to prison for life

Bankman-Fried built a multibillion crypto business spearheaded by FTX with the help of a group of young colleagues. Now three of his closest associates have turned against him.

The Guardian - AU

Robot dogs, tech bros and virtual Geisha girls: when SXSW came to Sydney

The famous Austin festival picked the Harbour City for its first foray overseas, bringing an eclectic mix of AI, celebrities and cutting edge ideas

Fortune

The last week of FTX, according to the private messages of Sam Bankman-Fried, Caroline Ellison, Gary Wang, and Nishad Singh

“I just had an increasing dread of this day that’s been weighing on me for a long time,” Ellison, former CEO of Alameda Research, texted Bankman-Fried.

Fortune

Future of Finance: Coinbase’s Shirzad on public policy, crypto companies shaking off the FTX stigma, and empowering the unbanked

Shirzad said it it's frustrating that Bahamas-based FTX has sullied the image of domestic crypto players.

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