What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried’s Trial
Sam Bankman-Fried (left) and Caroline Ellison (CoinDesk archives, @carolinecapital, modified by CoinDesk)
FTX collapse
DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court
The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the company’s recent fundraise.
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.
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.
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.
Sam Bankman-Fried’s Defense Asks for Clarity on Charity, Bankruptcy Arguments
Attorneys for FTX founder Sam Bankman-Fried asked the judge overseeing the case to clarify his orders around certain proposed arguments, including arguments about FTX’s regulated jurisdictions, bankruptcy recoveries and his charitable work.
Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may also be tied to the exchange. The DOJ also announced over the weekend that prosecutors intend to call former FTX customers from around the world and investors as witnesses during the trial.
FTX’s Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge
Sam Bankman-Fried cannot blame FTX’s lawyers for its collapse or operations in his opening statements, though he can still try and make a so-called “advice-of-counsel” defense later, the federal judge overseeing his case ruled Sunday.
FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says
The U.S. Department of Justice said it intends to call FTX customers, investors and cooperating witnesses to testify against Sam Bankman-Fried at trial next week, including a Ukrainian local who would have difficulty getting to the courthouse in-person.
DOJ’s Proposed Jury Questions ‘Risks Tainting’ Bankman-Fried’s Panel, Defense Says
Sam Bankman-Fried’s attorneys objected to some of the U.S. Department of Justice’s proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case.