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The Latest Breaking News from FTX

Why are Cryptocurrencies in a Sideways Trend?

The cryptocurrency asset class has been asleep after an attempt to break out to the upside after establishing bottoms in 2022. While prices have improved from the lows, attempts at rallies have failed, and prices remain in relatively narrow ranges.

Barchart

Nishad Singh says working with Sam Bankman-Fried left him in ‘severe’ distress

NEW YORK: Nishad Singh, the third member of Sam Bankman-Fried’s inner circle to testify against him, detailed a rocky relationship with his former boss that at times left him “humiliated” and, as the company collapsed, suicidal.

The Times of India

New bankruptcy proposal could see FTX creditors receive close to $9 billion by mid-2024

The FTX debtors group said the plan would be filed for approval by the bankruptcy court by Dec. 16.

Fortune

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Sam Bankman-Fried ‘needs more ADHD medication to be able to testify’, lawyers argue

Lawyers say the FTX cryptocurrency exchange founder’s daily dose wears off quickly

Evening Standard

Inside the FTX straw donor machine, where customer funds were funneled into campaign contributions

"It was for advantageous optics," former FTX engineering chief Nishad Singh testified on Monday.

Fortune

Former FTX executive Nishad Singh describes conversation with Sam Bankman-Fried over customer funds: ‘I was blindsided and horrified’

While Bankman-Fried lounged on a white chaise chair, Singh realized that FTX was not force for good but had "turned out to be so evil."

Fortune

Sam Bankman-Fried pushed for $30 million Bahamas penthouse despite concern from FTX colleagues it would be ‘ostentatious’

Top lieutenant Nishad Singh testified that the FTX founder liked the apartment because he "is a fan of views."

Fortune

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Behind the scenes of week 2 of Sam Bankman-Fried’s trial

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.

Fortune

Sam Bankman-Fried's lawyers request Adderall for the FTX founder as he decides whether to testify

With SBF's trial entering its third week, the defendant is still fighting for access to medication.

Fortune

Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far

The trial of the former FTX CEO concluded its second week, featuring explosive testimony from Caroline Ellison, a former girlfriend of Bankman-Fried.

WEKU

Even after Sam Bankman-Fried’s arrest, the crypto industry remains full of men acting like boys

Crypto is a gender-neutral technology—but the industry itself is another story altogether.

Fortune

Bankman-Fried’s whisper campaign against Binance is part of a long U.S. tradition of working the refs

Testimony this week shed light on Bankman-Fried's attempt to sic regulators on Binance—a time-worn tactic in U.S. finance.

Fortune

Caroline Ellison’s testimony against Sam Bankman-Fried: five key takeaways

The former Alameda CEO offered stunning testimony against her ex-boyfriend and failed crypto mogul being tried for fraud

The Guardian - US

Afternoon Update: 1.1 million residents of Gaza told to relocate south; NSW police criticised over protest threat; and New Zealand election countdown

Palestinians fear the Israeli relocation directive could be a precursor to a ground offensive

The Guardian - AU

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Fortune

Inside the meeting where Caroline Ellison came clean to Alameda staff, per a secret recording from an employee who started 3 days earlier

“I’m sure this wasn’t a YOLO thing, right?” Christian Drappi, another Alameda employee, asked the crypto hedge fund's former CEO.

The Guardian - US

Sam Bankman-Fried accused of scoffing and laughing as ex-girlfriend testified

Judge asks Bankman-Fried’s lawyer to ‘have a word with him’ after prosecutors complain of possible intimidation

The Independent UK

Sam Bankman-Fried's lawyer struggles in cross-examination of Caroline Ellison, govt's key witness

Sam Bankman-Fried’s defense lawyer has struggled through a meandering cross-examination of the FTX founder’s former girlfriend Thursday, keeping both the judge and the public guessing as to his strategy in countering the testimony of the government’s key witness

Fortune

Sam Bankman-Fried laughed, scoffed, and visibly shook his head during Caroline Ellison’s second-day testimony, prosecutor tells judge

The FTX founder’s alleged behavior stands in contrast to how he’s previously reacted to other witnesses.

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The Guardian - US

Bankman-Fried’s lawyers cast Caroline Ellison as architect of FTX collapse

Defense team suggests Ellison let heartbreak impede business communications on third day of her testimony

Fortune

Plenty of VCs have made big crypto bets that could actually pan out

FTX made a $500 million bet on AI startup Anthropic—and plenty of other VCs have viable crypto investments.

The Guardian - UK

First Thing: no power, water or fuel for Gaza until hostages are freed, Israel says

IDF says Hamas fighters still trying to cross into Israel. Plus, why are one in seven of us addicted to ultra-processed foods?

The Times of India

Caroline Ellison: ‘Sam was the one’ who caused FTX collapse

In June 2022, amid the broader crypto meltdown, Caroline Ellison and FTX co-founder Sam Bankman-Fried were looking at a massive hole in Alameda Research’s balance sheet.

Fortune

Caroline Ellison’s latest testimony included utilitarianism, Saudi money, Thai prostitutes, and ended in tears: ‘The worst week of my life’

“Rules like 'don’t lie' or 'don’t steal' didn’t fit in that framework,” the former Alameda CEO said of Sam Bankman-Fried’s utilitarianism.

The Independent UK

Sam Bankman-Fried’s former CEO and girlfriend testifies that she committed fraud with him

Ms Ellison told the court that she went along with Mr Bankman-Fried’s alleged scheme because ‘Sam told me to’

WEKU

She's the star witness against Sam Bankman-Fried. Her testimony was explosive

Caroline Ellison accused Bankman-Fried of being the mastermind behind illegal activity at FTX. Her words carry weight: She worked with him and also once dated him.

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