Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 6] By Cointelegraph

[ad_1]



Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam “SBF” Bankman-Fried. As the saga unfolds, check below for the latest updates.

In her second day of testimony at the Sam Bankman-Fried trial on Oct. 11, Caroline Ellison provided more information regarding the months leading up to the anticipated FTX debacle in November 2022. Lenders required Alameda Research to repay millions in loans in mid-June following the market downturn in May, according to Ellison. “I was very stressed out,” she said.

Oct. 5: Gary Wang details relationship between FTX and Alameda Research

Oct. 5: Yedidia cross-examination, witness testimonies in focus

Scenes from outside Bankman-Fried’s trial location in New York. Source: Ana Paula Pereira/Cointelegraph

Oct. 4: DOJ and Bankman-Fried’s defense state their arguments

A sign outside Bankman-Fried’s trial location in New York. Source: Ana Paula Pereira/Cointelegraph

Oct. 3: SBF trial begins

Bankman-Fried’s trial will take place in a Manhattan federal court. Source: Ana Paula Pereira/Cointelegraph

December: SBF arrested

November: FTX collapses

SBF and FTX before the fall