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Policy

Grocery Chain Trader Joe’s Sues Unaffiliated Crypto Project That’s Using Its Name; JOE Token Sinks

The grocer alleged the Trader Joe decentralized exchange chose a similar name to benefit from the former’s popularity.

Trader Joe is making changes to its tokenomics. (Trader Joe)

Policy

Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans

The defendant in a multi-billion fraud trial is pressing to blame legal advice, despite judicial reluctance to let him.

Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)

Policy

What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried's Trial

The former Alameda CEO will “tell you about how she and the defendant stole money customers entrusted to FTX,” a prosecutor said. Defense’s cross-examination may get personal.

Sam Bankman-Fried (left) and Caroline Ellison (CoinDesk archives, @carolinecapital, modified by CoinDesk)

Tech

Israel War Prompts Crypto Firms Including Fireblocks, MarketAcross to Start Aid Fund

The organization will host a multi-signature wallet to collect donations for Israelis in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC.

(Eduardo Castro/Pixabay)

Policy

DOJ Wants to Block Sam Bankman-Fried From Bringing Up Anthropic AI Raise in Court

FTX owns a stake in Anthropic which was worth $500 million last year.

FTX's Sam Bankman-Fried exiting a federal courthouse in New York last year. (Nikhilesh De/CoinDesk)

Policy

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.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)

Policy

Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang Testifies

Gary Wang, the former chief technology officer and co-founder of FTX, told a jury that he, Bankman-Fried and fellow former executives Caroline Ellison and Nishad Singh committed multiple forms of fraud.

Matt Huang of Paradigm arrives in court on Thursday, Oct. 5 to testify against Sam Bankman-Fried (Danny Nelson/CoinDesk).

Policy

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  (Liz Napolitano/CoinDesk)

Policy

Sam Bankman-Fried Now Has a Jury

A federal judge picked a dozen New Yorkers to try the FTX founder on fraud and conspiracy charges.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)

Policy

Lack of U.S. Crypto Laws Irrelevant to Bankman-Fried Allegations, DOJ Says

The FTX founder’s fraud trial began selecting a jury Tuesday as lawyers spar about what evidence its members can see.

Sam Bankman-Fried (Nikhilesh De/CoinDesk)