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FTX
Sam Bankman-Fried Trial Kicks off With Opening Arguments; Why is AVAX Climbing?
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the latest legal developments with FTX founder Sam Bankman-Fried's criminal trial. A founder of bankrupt crypto hedge fund Three Arrows Capital is under arrest, according to the New York Times. And, a closer look at why Avalanche's AVAX is rallying.
Michael Lewis Details Rise and Fall of Sam Bankman-Fried's Crypto Empire in 'Going Infinite'
A new book titled, "Going Infinite: The Rise and Fall of a New Tycoon" is written by Michael Lewis and focuses on FTX founder Sam Bankman-Fried's crypto empire. CoinDesk executive director of global content Emily Parker discusses the key takeaways and revelations.
FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX's director of engineering Nishad Singh but the problem never got fixed.
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
The assets, whose ownership is in dispute, could potentially be used to pay back creditors of FTX.
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, the former employee said.
Bernie Madoff’s Former Lawyer: Crypto Knowledge Unlikely to Play Role in SBF Trial
FTX founder Sam Bankman-Fried is getting his day in court, after prosecutors previously called the demise of FTX "one of the biggest financial frauds in American history." Mintz and Gold partner Ira Lee Sorkin, who previously represented Bernie Madoff, discusses his take on the legal proceedings and how it could shape the future crypto regulation in the U.S.
Could Sam Bankman-Fried Blame the FTX Collapse on Lack of U.S. Regulation?
Ira Lee Sorkin, who previously represented Bernie Madoff, discusses why it will not likely work for FTX founder Sam Bankman-Fried to blame the collapse of the exchange on the lack of regulatory clarity in the crypto industry. "There's no regulation that says you are permitted to misrepresent information to investors...there's no regulation that says do whatever you want with investor's money," Sorkin said.
