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New York Law Journal

Sam Bankman-Fried Jury Listens to Tape of Caroline Ellison Recorded During FTX, Alameda Collapse

A former Alameda Research software engineer testified that Ellison's nervous laughter, which was audible in the recording, was not unusual for the former cryptocurrency trading firm CEO.
5 minute read

New York Law Journal

'The Worst Week of My Life': Alameda Research CEO Caroline Ellison Describes Collapse of FTX

The key government witness repeatedly referred to feeling a "constant state of dread" in the preceding months as she realized the extent of the wrongdoing at FTX and Alameda.
5 minute read

New York Law Journal

'He Was the One Who Directed Us': Caroline Ellison Takes Stand in Sam Bankman-Fried Trial

Ellison's turn on the witness stand immediately followed the testimony of FTX co-founder and chief technical officer Gary Wang, who has also pleaded guilty. Both are testifying under cooperation agreements with prosecutors.
3 minute read

New York Law Journal

FTX Co-Founder Testifies 'Special Privileges' for Alameda Led to $8 Billion Shortfall

On direct examination, FTX co-founder and chief technical officer Gary Wang testified at length about Alameda's "special privileges" on FTX. Bankman-Fried and Wang also owned Alameda.
4 minute read

New York Law Journal

Sam Bankman-Fried Attorney Presents Client as Well-Meaning 'Math Nerd' in Opening Statement

Defense attorney Mark S. Cohen said it's "not a crime to try to get Tom Brady to go on ads for your company," but federal prosecutors painted Bankman-Fried as a serial liar.
3 minute read

New York Law Journal

Beware, Crypto Exchanges: The SEC Has Its Eyes on You!

Regulation by enforcement continues, but SEC enforcement actions are now being brought against exchanges without evidence of fraud or wrongdoing. Is the SEC overstepping its regulatory oversight of digital assets?
8 minute read

The Recorder

Sam Bankman-Fried Sues Insurer to Cover Defense Costs in New York Criminal Trial, Other Litigation

According to a complaint filed in the Northern District of California federal court, an insurance company must pay for his legal defense "without regard to whether payments may exhaust the policy limit."
3 minute read

Delaware Business Court Insider

Coinbase Accused of Leaving Retail Customers 'Highly Susceptible' to Bankruptcy

The lawsuits also aim to hold Coinbase accountable for not having systems in place that would have prevented widespread money laundering by its customers.
3 minute read

New York Law Journal

Bankman-Fried Trial Judge Orders FTX Founder to Stay in Federal Lockup

U.S. District Judge Lewis Kaplan found that the MDC has made "extraordinary accommodations" to allow Bankman-Fried to assist in his own defense from jail. He also said he was "wondering more" if the ex-crypto entrepreneur could be a flight risk.
3 minute read

Delaware Business Court Insider

NFT Venture Split With Warring Allegations of Extortion, 'Megalomaniacal Thirst for Control'

"He was supposed to be their partner, but instead is a schemer and fraudster," stated the Delaware filing, which brings 14 claims including those citing fraud and breaching collective venture agreements.
3 minute read

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