Former FTX Engineering Director: SBF Had Planned to Spend $120 Million to Reach an Agreement With Telegram to Obtain TON Tokens
On October 17th, according to BitMEX Research citing testimony from former FTX engineering director Nishad Singh, in September 2022, SBF attempted to raise funds in the Middle East and planned to reach an agreement with Telegram to obtain TON tokens, with an expected cost of $120 million.
DOJ prosecutor objects to SBF lawyers' cross-examination of witnesses
US Department of Justice (DOJ) prosecutors opposed SBF's lawyers questioning witnesses. The prosecutor requested that Judge Kaplan reject the defense's motion to cross-examine witnesses, including Caroline Ellison, within a limited time frame. In addition, the request for SBF to reconsider the previous ruling was also rejected.
The US Department of Justice prosecutor wrote to Judge Kaplan opposing the defense's request to question witnesses. The plaintiff believes that the defendant's lawsuit request is worthless and a waste of judicial resources, and therefore should be rejected. The prosecutor claims that the defendant's argument regarding wire fraud theory is incorrect, and seeks to provide investor testimony on their understanding of the defendant's statement. In addition, DOJ prosecutors do not oppose SBF's defense team questioning, but they want to ask witnesses questions such as FTX service terms.
Sam Bankman-Fried's Attorneys Seek to Cross-Examine Every Witness After Former Alameda CEO's Testimony
Attorneys representing Sam Bankman-Fried have requested to cross-examine all witnesses following former Alameda CEO Caroline Ellison in a letter motion submitted to Judge Lewis A. Kaplan on October 12. The motion addresses evidence-related issues that have arisen during the trial and are likely to occur again with subsequent witnesses.
Former FTX CEO Sam Bankman-Fried Was "Freaking Out" About Alameda, Snapchat, and Binance Crackdown, According to Testimony
Former CEO of crypto exchange FTX, Sam Bankman-Fried, was reportedly concerned about Alameda, buying shares in Snapchat, raising capital from Saudi royalty, and getting regulators to crack down on rival exchange Binance before FTX's collapse. According to former Alameda Research CEO Caroline Ellison's personal notes presented in court, Bankman-Fried considered shutting down Alameda and seeking $1 billion in capital from the Saudi Prince after a crash in the Terra ecosystem in May 2022.
Former Alameda Research CEO testifies that crypto trading firm paid Chinese officials to unlock trading accounts on OKX and Huobi
Former Alameda Research CEO Caroline Ellison testified during the Sam Bankman-Fried trial that the crypto trading firm paid Chinese officials to unlock their Alameda trading accounts on OKX and Huobi in China. However, Bankman-Fried is not charged with bribery of Chinese officials in this case, and the evidence was presented for limited purposes of displaying trust and confidence as well as motive between Bankman-Fried and Ellison. Ellison testified that Bankman-Fried and Trabucco told her via a Signal chat to make the payments, and the accounts were reopened after she made about $100 million to $150 million in payments of "crypto transfers" to accounts. During the trial, it was revealed that Alameda employees tried various strategies to open the accounts, including getting Thai prostitutes to open accounts on the exchanges, but these efforts were unsuccessful.
Former Alameda CEO: SBF considers selling FTX stake to Saudi Crown Prince
Former Alameda CEO Caroline Ellison testified in court that Sam Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman (MBS).
SBF’s Draft Tweet Was Exposed in September Last Year, and It Had Planned to Announce the Closure of Alameda Research
October 11th, in the SBF trial, a tweet draft edited by SBF in September last year was adopted as evidence by the court. The draft shows that SBF planned to announce the closure of Alameda Research to the world in this way.
In the draft, SBF described Alameda Research as "one of my biggest successes" and referred to it as "one of the supports of the ecosystem". SBF also stated "Alameda Research is dead. Long live FTX."
Sam Bankman-Fried's Defense Team Seeks to Question Caroline Ellison on Legal Counsel Dependence and FTX's Anthropic AI Stake Valuation
Sam Bankman-Fried's defense team has filed motions to question Caroline Ellison about her reliance on legal counsel while CEO of Alameda Research and the valuation of FTX's stake in Anthropic AI. Ellison is the star witness in the criminal fraud case against Bankman-Fried, and the defense wants to address the "advice-of-counsel" argument.
Former Alameda CEO: SBF’s ambition is to become president of the United States
Caroline Ellison, former CEO of Alameda Research, testified in court that SBF's ambition is to become the President of the United States. He is "very interested" in politics and talked about wanting to use his own money to exert political influence.
FTX Hacker Uses Sam Bankman-Fried's Trial to Obfuscate Stolen Funds, Says CertiK Director
The hacker who stole over $400 million from FTX and FTX US in November may be using the attention surrounding Sam Bankman-Fried's fraud trial to further hide the funds, according to CertiK's director of security operations Hugh Brooks.
