HomeCryptocurrencyDay 8 of Sam Bankman-Fried trial: Catch up on the latest update...

Day 8 of Sam Bankman-Fried trial: Catch up on the latest update in simple language.

Former FTX CEO Sam Bankman-Fried Trial: Latest Updates

The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and our Cointelegraph reporters are on the ground to bring you the latest updates. As this captivating saga continues to unfold, we’ll keep you informed with all the details.

BlockFi Warned About Over-Exposure to FTT

New evidence presented in court on October 13 during Sam Bankman-Fried’s trial revealed that the BlockFi team had warned their leadership about the crypto lender’s over-exposure to FTT (FTX’s native token) back in August 2021.

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October 10: Cross-Examination of Gary Wang and Ellison’s Entrance

On October 10, Gary Wang, a star witness, was cross-examined, and Ellison made his entrance into the courtroom.

October 6: Gary Wang’s Testimony Continues

Continuing his testimony on October 6, Gary Wang admitted to “special privileges” granted to FTX on Alameda, shedding light on the relationship between the two entities.

October 5: Wang Details FTX and Alameda Research Relationship

On October 5, Wang provided further details about the relationship between FTX and Alameda Research.

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October 5: Yedidia Cross-Examination and Witness Testimonies

October 5 saw Yedidia being cross-examined, with witness testimonies taking center stage.

October 4: Arguments Presented by DOJ and Bankman-Fried’s Defense

On October 4, both the DOJ and Bankman-Fried’s defense presented their arguments in court.

October 3: Start of SBF Trial

The trial of Sam Bankman-Fried began on October 3 in a Manhattan federal court.

December: SBF Arrested

SBF’s arrest took place in December.

November: Collapse of FTX

In November, FTX faced a collapse.

SBF and FTX Before the Fall

Discover the events leading up to the downfall of SBF and FTX.

Please note that the above information is subject to change as the trial progresses. Stay tuned for more updates.

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