Latest developments in the SBF trial are being continuously tracked.
After being detained for 9 months and 20 days, FTX founder Sam Bankman-Fried officially appeared in court on October 3, and witnesses began to testify, attempting to uncover the various mysteries behind FTX and SBF...
20:34 New Interpretation of Behavior During SBF Trial: Autism and Attention Deficit Disorder
Due to Sam Bankman-Fried's autism and attention deficit disorder, the court and jury may have misunderstood his behavior during the criminal trial.
17:37 SBF's prison life: Not forgetting the trader's初心, trading arbitrage with "rice"
"Not so fat anymore, not so nervous, not so restless, and no more bags under the eyes."
22:26 What is the impact of the SBF ruling on cryptocurrency leaders? Industry response and outlook
This article will explore the potential impact of SBF's verdict on other key figures in the industry, revealing the constantly changing landscape of cryptocurrency leadership.
08:12 U.S. judge rejects SBF's request to extend sentencing proceedings
ChainCatcher News, U.S. Federal Judge Lewis Kaplan denied SBF's request to extend the sentencing process and postpone the acceptance of interviews with the U.S. probation and pretrial services system. SBF's lawyers requested on Wednesday to delay the sentencing hearing originally scheduled for March 28 next year by four to six weeks, stating that the U.S. Department of Justice may conduct a second review of the bank fraud and Foreign Corrupt Practices Act conspiracy charges on March 11.The judge denied the motion, stating that the defense did not raise any objections when the date for the sentencing hearing was initially set. If the Department of Justice does decide to pursue additional charges, the sentencing may be delayed.
09:04 The U.S. court has rejected SBF's release request
ChainCatcher News: The U.S. Court of Appeals for the Second Circuit has denied Sam Bankman-Fried's (SBF) release application. The court stated that SBF's previous attempts to tamper with two witnesses during pre-trial release were the main reasons, "We reviewed the defendant's and appellant's additional arguments and found them unpersuasive."
20:44 The SBF Myth Shattered: Media, Judiciary, Politicians, Who are the Enablers?
Former Coinbase CTO Balaji Srinivasan praises the role of the internet/citizen journalists/crypto Twitter in exposing SBF's fraud in this article and raises thought-provoking questions: media, judiciary, politicians, who are the enablers?
15:22 SBF's seven charges are all established, and the FTX chapter has finally come to an end
In the development of the cryptocurrency industry, SBF and his FTX have written a dramatically significant chapter. SBF was the dreamer of the bull market and the "greedy fraudster" after the crash. Regardless, this glorious page of FTX has turned.
12:01 Bloomberg: Alameda CEO, FTX co-founder, and FTX engineering head have all pleaded guilty and may receive leniency for cooperating with prosecutors
ChainCatcher news, according to Bloomberg, Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and FTX engineering chief Nishad Singh are key witnesses in the SBF trial. All three stated that SBF instructed them to transfer billions of dollars of FTX customer funds to Alameda (a hedge fund in which SBF holds a 90% stake) for fraudulent purposes.As part of a cooperation agreement with prosecutors, the three have pleaded guilty. Cooperative witnesses typically receive leniency, especially if they help the government convict SBF. Several criminal defense attorneys following the case have indicated that based on the testimonies of Caroline Ellison, Gary Wang, and Nishad Singh, they may not go to prison or have a very low probability of doing so.
09:18 Sequoia Capital partner Alfred Lin: SBF deliberately misled and deceived us, glad the trial is over
ChainCatcher news, Alfred Lin, a partner at Sequoia Capital who previously led investments in FTX, issued a statement on social media expressing agreement with the swift and consistent conviction of FTX founder SBF. SBF misled and deceived many, including customers, employees, business partners, and investors, including himself and Sequoia Capital. Following the collapse of FTX, Sequoia Capital immediately reviewed its due diligence process and assessed its 18-month working relationship with SBF, stating that they had been intentionally misled and deceived by lies.He also added that over the past year, they maintained silence during the prosecution's case-building and trial period and are pleased to finally see the trial come to an end.
08:19 SBF is expected to appeal the verdict, with sentencing scheduled for March 28, 2024
ChainCatcher news, according to Reuters, U.S. District Judge Lewis Kaplan has set the sentencing date for SBF on March 28, 2024. SBF's defense attorneys opposed several rulings by Kaplan before and during the trial and are expected to appeal the verdict.Previous report, SBF was found guilty on all 7 counts and could face up to 115 years in prison.