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Policy

‘Oh, Yes’: Accounting Prof Says Sam Bankman-Fried’s FTX Definitely Mishandled Customers' Money

For starters, customer funds were behind a majority of FTX’s investment into Scaramucci’s SkyBridge Capital, Peter Easton testifies.

Sam Bankman-Fried, CEO, FTX and Christine Lee, Lead Anchor, CoinDesk

Policy

Crypto World Hopeful as California Chases BitLicense in Absence of U.S. Feds

The BitLicense axis between New York and California may draw in other jurisdictions as the states solidify their position as the only regulatory option for crypto businesses in the U.S.

Crypto insiders credit California Governor Gavin Newsom's administration as good listeners as they work on their own version of New York's BitLicense. (Mario Tama/Getty Images)

Policy

Sam Bankman-Fried Dined With Eric Adams at NYC Mayor’s Go-To Italian Restaurant

Erstwhile crypto titan and avowed vegan Sam Bankman-Fried was also scheduled to meet New York Gov. Kathy Hochul at The Capital Grille steakhouse, according to FBI trial testimony.

New York Mayor Eric Adams (Danny Nelson/CoinDesk)

Policy

Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project

An email mentioning NFTs from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.

Bahamian Prime Minister Philip Davis, right, meets Pope Francis (Vatican Media via Vatican Pool/Getty Images)

Policy

For Once, Sam Bankman-Fried's Lawyer Lands a Punch at FTX CEO's Criminal Trial

Under questioning from defense attorney Mark Cohen, a former FTX exec and government witness admitted to some hazy memories.

Former FTX exec Nishant Singh leaving court on Oct. 17 (Danny Nelson/CoinDesk)

Consensus Magazine

How African Students Became Victims of FTX’s Collapse

“We saw an exchange that was supposedly better than every other one we had used, so we let a lot of family and friends get involved with the FTX platform,” FTX Africa’s former education lead Pius Okedinachi told CoinDesk.

FTX Campus Meetup at the Petroleum Training Institute, Warri, Nigeria (FTX)

Policy

Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing

Nishad Singh, the latest member of Sam Bankman-Fried’s inner circle to testify, said his admiration for SBF turned to “shame” on discovering FTX execs enriched themselves with customer funds.

Nishad Singh, left, exits a federal courthouse after testifying on Oct. 16, 2023 (Nikhilesh De/CoinDesk)

Policy

SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies

BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.

BlockFi CEO Zac Prince (right) (Danny Nelson/CoinDesk)

Policy

SBF Trial: Defense Counsel's Cross-Examination of Star Prosecution Witness Meandered

Mark Cohen bumbled at times, asking Caroline Ellison to repeat much of the same information she told prosecutors in testimony the day before.

Ex-Alameda CEO Caroline Ellison at the federal courthouse in Manhattan (Danny Nelson/CoinDesk)

Consensus Magazine

Hamas Has Raised Millions in Crypto Donations, WSJ Reports

But the amount is likely small compared to the volume raised in state-sponsor support.

Bodies of Hamas militants in body bags near the border with Gaza on October 11, 2023 (Alexi J. Rosenfeld/Getty Images)