How much money does Alameda Research still have?
Even though Sam Bankman-Fried is in prison, a BTC wallet controlled by Alameda Research deposited about $30M into Binance last week.
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Even though Sam Bankman-Fried is in prison, a BTC wallet controlled by Alameda Research deposited about $30M into Binance last week.
Read more (3 min) →According to the filing, the lawsuits against Allan Bankman and Barbara Fried have been dismissed without prejudice.
— Alameda Rsearch, Caroline Ellison
Caroline Ellison has been sentenced to two years in prison for her role in the FTX-Alameda Research fraud.
Two FTX and Alameda Research executives have been sentenced to prison, two have their sentencings scheduled, and one has pleaded guilty.
There’s little legal wiggle room for Bankman-Fried and while he may present specific arguments, the odds of them succeeding are pretty low.
Bankman-Fried's sentence comes after he was found guilty of wire fraud, conspiracy to commit fraud, and money laundering conspiracy.
Prosecutors have asked for a sentence of 40 to 50 years but attorneys working for Bankman-Fried have called such a timespan excessive.
David Mills also says that Bankman-Fried may be “at the very top of the list as the worst person I’ve ever seen do a cross-examination.”
Jurors are set to begin deliberations in the trial of Sam Bankman-Fried -- but will they entertain his story and claims of ignorance?
Bankman-Fried's mother Barbara could be seen removing her glasses, bowing her head, and grinding her fists into her eyes for minutes on end.