Each Sunday morning, the congregation of the International Deliverance Praying Ministry gathers in front of their church, ready to be let in. It’s a modest building in the southside of Nassau, the capital of the Bahamas, on an overgrown and potholed street that floods when it rains. While they wait, a member of the church…
Photo: Yuki Iwamura (Getty Images) FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX but said he did not recall conversations around the $13 billion hole in his crypto empire, according to Bloomberg. The…
Sam Bankman-Fried will take the stand at his own trial, his legal counsel has confirmed. The founder of stricken crypto exchange FTX has endured three weeks of bruising testimony in federal court from ex-colleagues, peers, and other witnesses. But Bankman-Fried will now take the opportunity to relay his own version of events to the jury….
During cross-examination, defense attorney Mark Cohen continually tried to stress that Alameda’s total net value assets were the same across the alternatives, and Ellison kept responding that, yes, but the balance sheets were still misleading. Things Sam Is Freaking Out About According to Ellison’s “things Sam is freaking out about” document, Bankman-Fried was stressed about…
