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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
isn’t the same as it is in, say, St. Louis or Boston or any other city where athletes are the biggest celebrities in town.
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But by the middle innings, Dodger Stadium is packed, and by the late innings of playoff games, the place has the over-the-top intensity of a Michael Bay car chase (Mookie Betts as Bumblebee). More than one opposing pitcher this season had to tweak his PitchCom device to deal with the late-inning noise that came from such a massive ballpark, one that once again held the largest total attendance in baseball this year.
“You’ve got a four-deck stadium,” Freddie Freeman said this summer. “It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
isn’t the same as it is in, say, St. Louis or Boston or any other city where athletes are the biggest celebrities in town.
Advertisement
But by the middle innings, Dodger Stadium is packed, and by the late innings of playoff games, the place has the over-the-top intensity of a Michael Bay car chase (Mookie Betts as Bumblebee). More than one opposing pitcher this season had to tweak his PitchCom device to deal with the late-inning noise that came from such a massive ballpark, one that once again held the largest total attendance in baseball this year.
“You’ve got a four-deck stadium,” Freddie Freeman said this summer. “It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
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But by the middle innings, Dodger Stadium is packed, and by the late innings of playoff games, the place has the over-the-top intensity of a Michael Bay car chase (Mookie Betts as Bumblebee). More than one opposing pitcher this season had to tweak his PitchCom device to deal with the late-inning noise that came from such a massive ballpark, one that once again held the largest total attendance in baseball this year.
“You’ve got a four-deck stadium,” Freddie Freeman said this summer. “It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
More than one opposing pitcher this season had to tweak his PitchCom device to deal with the late-inning noise that came from such a massive ballpark, one that once again held the largest total attendance in baseball this year.
“You’ve got a four-deck stadium,” Freddie Freeman said this summer. “It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac. For starters, the volume is set at a level that can’t possibly meet OSHA standards, and beyond that, there’s some twisted desire to have some sort of noise blaring at all times.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
More than one opposing pitcher this season had to tweak his PitchCom device to deal with the late-inning noise that came from such a massive ballpark, one that once again held the largest total attendance in baseball this year.
“You’ve got a four-deck stadium,” Freddie Freeman said this summer. “It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac. For starters, the volume is set at a level that can’t possibly meet OSHA standards, and beyond that, there’s some twisted desire to have some sort of noise blaring at all times. Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
“You’ve got a four-deck stadium,” Freddie Freeman said this summer. “It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac. For starters, the volume is set at a level that can’t possibly meet OSHA standards, and beyond that, there’s some twisted desire to have some sort of noise blaring at all times. Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball. Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
“It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac. For starters, the volume is set at a level that can’t possibly meet OSHA standards, and beyond that, there’s some twisted desire to have some sort of noise blaring at all times. Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball. Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
“It’s the only one in baseball. You’ve got 50,000 people, every single night here. For them to go out of their way to make you feel good when you’re doing your job, it means a lot. I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac. For starters, the volume is set at a level that can’t possibly meet OSHA standards, and beyond that, there’s some twisted desire to have some sort of noise blaring at all times. Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball. Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
I do appreciate it. It does make you feel good inside and also just means you’re doing your job pretty good.”
Speaking of doing a job pretty good, the Dodger Stadium D.J. is a maniac. For starters, the volume is set at a level that can’t possibly meet OSHA standards, and beyond that, there’s some twisted desire to have some sort of noise blaring at all times. Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball. Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball. Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Plus, there’s the intimidation factor of playing in an iconic ballpark that feels like no other in baseball. Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew.
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612
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Dodger Stadium knows what it is and what it’s about, and it uses every bit of that to its advantage.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it?
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613
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents.
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614
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
No. 1: Philadelphia Phillies Team Venue Opened Capacity Att. (2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents. It’s a real love-it or hate-it place to play.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
(2023) Phillies Citizens Bank Park 2004 42,792 38,157
Memorable postseason moment: There have been three no-hitters in postseason history, and two have taken place at Citizens Bank Park. Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents. It’s a real love-it or hate-it place to play. The Phillies and their fans are capable of producing unforgettable moments, like Wednesday night when Bryson Stott hit a grand slam and the ballpark provided the only commentary necessary.
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616
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Those in Philly would like to forget the Astros’ combined no-hitter in Game 4 of last season’s World Series, so instead we’ll concentrate on Roy Halladay’s 2010 no-hitter in Game 1 of the NLDS against the Reds. In his first postseason start, Halladay allowed only one baserunner, when Jay Bruce walked with two outs in the fifth inning.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents. It’s a real love-it or hate-it place to play. The Phillies and their fans are capable of producing unforgettable moments, like Wednesday night when Bryson Stott hit a grand slam and the ballpark provided the only commentary necessary.
stott grand slam w/ no commentators thx to ESPN's dolby 5.1 mix pic.twitter.com/2vhUzWKpup — jaiden (@steph_turkey) October 5, 2023
“I yelled at the dugout and couldn’t really hear myself,” Stott said, “so I knew the crowd was loud.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Our take: Look, Philadelphia fans have thrown snowballs at Santa Claus and batteries at J.D. Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents. It’s a real love-it or hate-it place to play. The Phillies and their fans are capable of producing unforgettable moments, like Wednesday night when Bryson Stott hit a grand slam and the ballpark provided the only commentary necessary.
stott grand slam w/ no commentators thx to ESPN's dolby 5.1 mix pic.twitter.com/2vhUzWKpup — jaiden (@steph_turkey) October 5, 2023
“I yelled at the dugout and couldn’t really hear myself,” Stott said, “so I knew the crowd was loud. Any time we get to play here, you know it’s going to be loud from the very first pitch.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents. It’s a real love-it or hate-it place to play. The Phillies and their fans are capable of producing unforgettable moments, like Wednesday night when Bryson Stott hit a grand slam and the ballpark provided the only commentary necessary.
stott grand slam w/ no commentators thx to ESPN's dolby 5.1 mix pic.twitter.com/2vhUzWKpup — jaiden (@steph_turkey) October 5, 2023
“I yelled at the dugout and couldn’t really hear myself,” Stott said, “so I knew the crowd was loud. Any time we get to play here, you know it’s going to be loud from the very first pitch. I wouldn’t want to play anywhere else.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
Drew. Their Phanatic mascot is iconic, but part of his charm is the way he – it? – taunts and antagonizes opponents. It’s a real love-it or hate-it place to play. The Phillies and their fans are capable of producing unforgettable moments, like Wednesday night when Bryson Stott hit a grand slam and the ballpark provided the only commentary necessary.
stott grand slam w/ no commentators thx to ESPN's dolby 5.1 mix pic.twitter.com/2vhUzWKpup — jaiden (@steph_turkey) October 5, 2023
“I yelled at the dugout and couldn’t really hear myself,” Stott said, “so I knew the crowd was loud. Any time we get to play here, you know it’s going to be loud from the very first pitch. I wouldn’t want to play anywhere else. It’s a phenomenal time every time we take the field here in the postseason.”
“I’ve always said it, we’ve got the best fans in baseball,” Bryce Harper added.
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Which M.L.B. Playoff Team Has the Most Daunting Home Field? We Ranked Them.
It’s a real love-it or hate-it place to play. The Phillies and their fans are capable of producing unforgettable moments, like Wednesday night when Bryson Stott hit a grand slam and the ballpark provided the only commentary necessary.
stott grand slam w/ no commentators thx to ESPN's dolby 5.1 mix pic.twitter.com/2vhUzWKpup — jaiden (@steph_turkey) October 5, 2023
“I yelled at the dugout and couldn’t really hear myself,” Stott said, “so I knew the crowd was loud. Any time we get to play here, you know it’s going to be loud from the very first pitch. I wouldn’t want to play anywhere else. It’s a phenomenal time every time we take the field here in the postseason.”
“I’ve always said it, we’ve got the best fans in baseball,” Bryce Harper added. “It’s an amazing place to play.”
(Top photo of Game 2 of the Wild Card series between the Marlins and the Phillies at Citizens Bank Park on Wednesday: Rob Tringali / MLB Photos via Getty Images)
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
SBF trial: Everything to know from the FTX courtroom ahead of his testimony Sam Bankman-Fried is in court for alleged fraud and money laundering while leading crypto exchange FTX and sister company Alameda. Here’s our latest coverage as the case nears its end.
The trial of Bankman-Fried, the former CEO and co-founder of collapsed crypto exchange FTX, is entering its next chapter as proceedings resume Thursday. As confirmed during a teleconference Wednesday, SBF will be taking the stand, along with a handful of other witnesses as the onus shifts toward the defense after the prosecution brought its case to its conclusion.
As former federal prosecutor Josh Naftalis told TechCrunch, SBF taking to the stand in his own trial is a “Hail Mary” ahead of a verdict and potential sentencing for seven counts tied to fraud and money laundering.
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Here’s our latest coverage as the case nears its end.
The trial of Bankman-Fried, the former CEO and co-founder of collapsed crypto exchange FTX, is entering its next chapter as proceedings resume Thursday. As confirmed during a teleconference Wednesday, SBF will be taking the stand, along with a handful of other witnesses as the onus shifts toward the defense after the prosecution brought its case to its conclusion.
As former federal prosecutor Josh Naftalis told TechCrunch, SBF taking to the stand in his own trial is a “Hail Mary” ahead of a verdict and potential sentencing for seven counts tied to fraud and money laundering.
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said. “He can’t just walk out if he doesn’t like how it’s going.”
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Here’s our latest coverage as the case nears its end.
The trial of Bankman-Fried, the former CEO and co-founder of collapsed crypto exchange FTX, is entering its next chapter as proceedings resume Thursday. As confirmed during a teleconference Wednesday, SBF will be taking the stand, along with a handful of other witnesses as the onus shifts toward the defense after the prosecution brought its case to its conclusion.
As former federal prosecutor Josh Naftalis told TechCrunch, SBF taking to the stand in his own trial is a “Hail Mary” ahead of a verdict and potential sentencing for seven counts tied to fraud and money laundering.
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said. “He can’t just walk out if he doesn’t like how it’s going.”
Naftalis spoke at length about what comes next in the trial, and addressed common misconceptions about the prosecution and defense in the latest episode of TechCrunch’s Chain Reaction podcast, which you can listen to below, or on Apple Podcasts or Spotify.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
As confirmed during a teleconference Wednesday, SBF will be taking the stand, along with a handful of other witnesses as the onus shifts toward the defense after the prosecution brought its case to its conclusion.
As former federal prosecutor Josh Naftalis told TechCrunch, SBF taking to the stand in his own trial is a “Hail Mary” ahead of a verdict and potential sentencing for seven counts tied to fraud and money laundering.
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said. “He can’t just walk out if he doesn’t like how it’s going.”
Naftalis spoke at length about what comes next in the trial, and addressed common misconceptions about the prosecution and defense in the latest episode of TechCrunch’s Chain Reaction podcast, which you can listen to below, or on Apple Podcasts or Spotify.
The SBF trial is one of the biggest cases of its kind within the crypto space.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
As former federal prosecutor Josh Naftalis told TechCrunch, SBF taking to the stand in his own trial is a “Hail Mary” ahead of a verdict and potential sentencing for seven counts tied to fraud and money laundering.
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said. “He can’t just walk out if he doesn’t like how it’s going.”
Naftalis spoke at length about what comes next in the trial, and addressed common misconceptions about the prosecution and defense in the latest episode of TechCrunch’s Chain Reaction podcast, which you can listen to below, or on Apple Podcasts or Spotify.
The SBF trial is one of the biggest cases of its kind within the crypto space. Our resident crypto expert Jacquelyn Melinek has been on the ground at the trial since it started, and continues to cover the ins and outs of the proceedings.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
As former federal prosecutor Josh Naftalis told TechCrunch, SBF taking to the stand in his own trial is a “Hail Mary” ahead of a verdict and potential sentencing for seven counts tied to fraud and money laundering.
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said. “He can’t just walk out if he doesn’t like how it’s going.”
Naftalis spoke at length about what comes next in the trial, and addressed common misconceptions about the prosecution and defense in the latest episode of TechCrunch’s Chain Reaction podcast, which you can listen to below, or on Apple Podcasts or Spotify.
The SBF trial is one of the biggest cases of its kind within the crypto space. Our resident crypto expert Jacquelyn Melinek has been on the ground at the trial since it started, and continues to cover the ins and outs of the proceedings. But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
“Once it goes to cross[-examination], he doesn’t get to say, ‘I’m done,’” Naftalis said. “He can’t just walk out if he doesn’t like how it’s going.”
Naftalis spoke at length about what comes next in the trial, and addressed common misconceptions about the prosecution and defense in the latest episode of TechCrunch’s Chain Reaction podcast, which you can listen to below, or on Apple Podcasts or Spotify.
The SBF trial is one of the biggest cases of its kind within the crypto space. Our resident crypto expert Jacquelyn Melinek has been on the ground at the trial since it started, and continues to cover the ins and outs of the proceedings. But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
For those in need of a total refresher on the case, her breakdown of how FTX went from the third-largest crypto exchange valued at a peak of $32 billion to bankruptcy will get you up to speed.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Naftalis spoke at length about what comes next in the trial, and addressed common misconceptions about the prosecution and defense in the latest episode of TechCrunch’s Chain Reaction podcast, which you can listen to below, or on Apple Podcasts or Spotify.
The SBF trial is one of the biggest cases of its kind within the crypto space. Our resident crypto expert Jacquelyn Melinek has been on the ground at the trial since it started, and continues to cover the ins and outs of the proceedings. But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
For those in need of a total refresher on the case, her breakdown of how FTX went from the third-largest crypto exchange valued at a peak of $32 billion to bankruptcy will get you up to speed.
You can also follow along with her and the TechCrunch team’s coverage in the Chain Reaction newsletter, which drops Thursdays at 12 p.m.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
The SBF trial is one of the biggest cases of its kind within the crypto space. Our resident crypto expert Jacquelyn Melinek has been on the ground at the trial since it started, and continues to cover the ins and outs of the proceedings. But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
For those in need of a total refresher on the case, her breakdown of how FTX went from the third-largest crypto exchange valued at a peak of $32 billion to bankruptcy will get you up to speed.
You can also follow along with her and the TechCrunch team’s coverage in the Chain Reaction newsletter, which drops Thursdays at 12 p.m. PT, and the Chain Reaction podcast, which will hit your feed every Thursday.
How to follow the SBF trial
The trial kicked off with jury selection October 3.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Our resident crypto expert Jacquelyn Melinek has been on the ground at the trial since it started, and continues to cover the ins and outs of the proceedings. But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
For those in need of a total refresher on the case, her breakdown of how FTX went from the third-largest crypto exchange valued at a peak of $32 billion to bankruptcy will get you up to speed.
You can also follow along with her and the TechCrunch team’s coverage in the Chain Reaction newsletter, which drops Thursdays at 12 p.m. PT, and the Chain Reaction podcast, which will hit your feed every Thursday.
How to follow the SBF trial
The trial kicked off with jury selection October 3. From there, access to the proceedings is limited, as no devices are allowed; reports are being physically put together within the courtroom (or sent to overflow rooms).
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
For those in need of a total refresher on the case, her breakdown of how FTX went from the third-largest crypto exchange valued at a peak of $32 billion to bankruptcy will get you up to speed.
You can also follow along with her and the TechCrunch team’s coverage in the Chain Reaction newsletter, which drops Thursdays at 12 p.m. PT, and the Chain Reaction podcast, which will hit your feed every Thursday.
How to follow the SBF trial
The trial kicked off with jury selection October 3. From there, access to the proceedings is limited, as no devices are allowed; reports are being physically put together within the courtroom (or sent to overflow rooms).
Beyond our daily coverage, additional expertise and commentary will live on TechCrunch+.
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But the trial has been on pause from October 20 to today, so there’s plenty to catch up on if you need a refresher ahead of it entering its final few phases.
For those in need of a total refresher on the case, her breakdown of how FTX went from the third-largest crypto exchange valued at a peak of $32 billion to bankruptcy will get you up to speed.
You can also follow along with her and the TechCrunch team’s coverage in the Chain Reaction newsletter, which drops Thursdays at 12 p.m. PT, and the Chain Reaction podcast, which will hit your feed every Thursday.
How to follow the SBF trial
The trial kicked off with jury selection October 3. From there, access to the proceedings is limited, as no devices are allowed; reports are being physically put together within the courtroom (or sent to overflow rooms).
Beyond our daily coverage, additional expertise and commentary will live on TechCrunch+. There, you can find stories like this in-depth breakdown of what to expect from both sides of the SBF case, where the prosecution and defense could gain ground or fall short in their arguments and what the takeaways were from the opening arguments.
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You can also follow along with her and the TechCrunch team’s coverage in the Chain Reaction newsletter, which drops Thursdays at 12 p.m. PT, and the Chain Reaction podcast, which will hit your feed every Thursday.
How to follow the SBF trial
The trial kicked off with jury selection October 3. From there, access to the proceedings is limited, as no devices are allowed; reports are being physically put together within the courtroom (or sent to overflow rooms).
Beyond our daily coverage, additional expertise and commentary will live on TechCrunch+. There, you can find stories like this in-depth breakdown of what to expect from both sides of the SBF case, where the prosecution and defense could gain ground or fall short in their arguments and what the takeaways were from the opening arguments.
SBF trial: What we learned in week three
The third week of the trial featured a couple of noteworthy moments for the prosecution, including FTX’s former general counsel Can Sun.
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PT, and the Chain Reaction podcast, which will hit your feed every Thursday.
How to follow the SBF trial
The trial kicked off with jury selection October 3. From there, access to the proceedings is limited, as no devices are allowed; reports are being physically put together within the courtroom (or sent to overflow rooms).
Beyond our daily coverage, additional expertise and commentary will live on TechCrunch+. There, you can find stories like this in-depth breakdown of what to expect from both sides of the SBF case, where the prosecution and defense could gain ground or fall short in their arguments and what the takeaways were from the opening arguments.
SBF trial: What we learned in week three
The third week of the trial featured a couple of noteworthy moments for the prosecution, including FTX’s former general counsel Can Sun. He, like many of SBF’s former colleagues, opted to cooperate with authorities and testified that SBF asked him to create a theoretical “legal justification” for the use of billions in consumer funds just days before FTX filed for bankruptcy.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
From there, access to the proceedings is limited, as no devices are allowed; reports are being physically put together within the courtroom (or sent to overflow rooms).
Beyond our daily coverage, additional expertise and commentary will live on TechCrunch+. There, you can find stories like this in-depth breakdown of what to expect from both sides of the SBF case, where the prosecution and defense could gain ground or fall short in their arguments and what the takeaways were from the opening arguments.
SBF trial: What we learned in week three
The third week of the trial featured a couple of noteworthy moments for the prosecution, including FTX’s former general counsel Can Sun. He, like many of SBF’s former colleagues, opted to cooperate with authorities and testified that SBF asked him to create a theoretical “legal justification” for the use of billions in consumer funds just days before FTX filed for bankruptcy.
Robert Boroujerdi, managing director of the hedge fund Third Point, testified about his experience working with SBF and FTX, in a partnership that ultimately resulted in a $60 million investment and a lack of awareness about the special relationship between Alameda Research and FTX.
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There, you can find stories like this in-depth breakdown of what to expect from both sides of the SBF case, where the prosecution and defense could gain ground or fall short in their arguments and what the takeaways were from the opening arguments.
SBF trial: What we learned in week three
The third week of the trial featured a couple of noteworthy moments for the prosecution, including FTX’s former general counsel Can Sun. He, like many of SBF’s former colleagues, opted to cooperate with authorities and testified that SBF asked him to create a theoretical “legal justification” for the use of billions in consumer funds just days before FTX filed for bankruptcy.
Robert Boroujerdi, managing director of the hedge fund Third Point, testified about his experience working with SBF and FTX, in a partnership that ultimately resulted in a $60 million investment and a lack of awareness about the special relationship between Alameda Research and FTX. Had he known of such a relationship, he testified that Third Point would not have invested in FTX in the first place.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
SBF trial: What we learned in week three
The third week of the trial featured a couple of noteworthy moments for the prosecution, including FTX’s former general counsel Can Sun. He, like many of SBF’s former colleagues, opted to cooperate with authorities and testified that SBF asked him to create a theoretical “legal justification” for the use of billions in consumer funds just days before FTX filed for bankruptcy.
Robert Boroujerdi, managing director of the hedge fund Third Point, testified about his experience working with SBF and FTX, in a partnership that ultimately resulted in a $60 million investment and a lack of awareness about the special relationship between Alameda Research and FTX. Had he known of such a relationship, he testified that Third Point would not have invested in FTX in the first place.
And earlier in the week, a University of Notre Dame professor who helped the government prosecution of Enron and WorldCom, Peter Easton, testified about what he uncovered after tracing the flow of billions of dollars between Alameda Research and FTX.
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He, like many of SBF’s former colleagues, opted to cooperate with authorities and testified that SBF asked him to create a theoretical “legal justification” for the use of billions in consumer funds just days before FTX filed for bankruptcy.
Robert Boroujerdi, managing director of the hedge fund Third Point, testified about his experience working with SBF and FTX, in a partnership that ultimately resulted in a $60 million investment and a lack of awareness about the special relationship between Alameda Research and FTX. Had he known of such a relationship, he testified that Third Point would not have invested in FTX in the first place.
And earlier in the week, a University of Notre Dame professor who helped the government prosecution of Enron and WorldCom, Peter Easton, testified about what he uncovered after tracing the flow of billions of dollars between Alameda Research and FTX. Much of said funding came from customers, and Easton testified that he found that user deposits were used by both FTX and Alameda to purchase real estate, make investments or direct funding toward political causes and charities.
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Robert Boroujerdi, managing director of the hedge fund Third Point, testified about his experience working with SBF and FTX, in a partnership that ultimately resulted in a $60 million investment and a lack of awareness about the special relationship between Alameda Research and FTX. Had he known of such a relationship, he testified that Third Point would not have invested in FTX in the first place.
And earlier in the week, a University of Notre Dame professor who helped the government prosecution of Enron and WorldCom, Peter Easton, testified about what he uncovered after tracing the flow of billions of dollars between Alameda Research and FTX. Much of said funding came from customers, and Easton testified that he found that user deposits were used by both FTX and Alameda to purchase real estate, make investments or direct funding toward political causes and charities.
SBF trial: What we learned in week two
The second week of the trial’s standout testimony came from Alameda Research’s former CEO Caroline Ellison, who claimed she took $14 billion from customers to repay debts to lenders, using them as a line of credit under the instruction of SBF.
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Had he known of such a relationship, he testified that Third Point would not have invested in FTX in the first place.
And earlier in the week, a University of Notre Dame professor who helped the government prosecution of Enron and WorldCom, Peter Easton, testified about what he uncovered after tracing the flow of billions of dollars between Alameda Research and FTX. Much of said funding came from customers, and Easton testified that he found that user deposits were used by both FTX and Alameda to purchase real estate, make investments or direct funding toward political causes and charities.
SBF trial: What we learned in week two
The second week of the trial’s standout testimony came from Alameda Research’s former CEO Caroline Ellison, who claimed she took $14 billion from customers to repay debts to lenders, using them as a line of credit under the instruction of SBF. Ellison also went into detail about how a $2 billion venture fund, FTX Ventures, was funded by money that had previously been allocated to Alameda from third-party lenders.
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And earlier in the week, a University of Notre Dame professor who helped the government prosecution of Enron and WorldCom, Peter Easton, testified about what he uncovered after tracing the flow of billions of dollars between Alameda Research and FTX. Much of said funding came from customers, and Easton testified that he found that user deposits were used by both FTX and Alameda to purchase real estate, make investments or direct funding toward political causes and charities.
SBF trial: What we learned in week two
The second week of the trial’s standout testimony came from Alameda Research’s former CEO Caroline Ellison, who claimed she took $14 billion from customers to repay debts to lenders, using them as a line of credit under the instruction of SBF. Ellison also went into detail about how a $2 billion venture fund, FTX Ventures, was funded by money that had previously been allocated to Alameda from third-party lenders.
And though there are no charges of bribery in the case, Ellison also testified to paying Chinese officials $150 million to restore access to $1 billion in frozen trading accounts.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Much of said funding came from customers, and Easton testified that he found that user deposits were used by both FTX and Alameda to purchase real estate, make investments or direct funding toward political causes and charities.
SBF trial: What we learned in week two
The second week of the trial’s standout testimony came from Alameda Research’s former CEO Caroline Ellison, who claimed she took $14 billion from customers to repay debts to lenders, using them as a line of credit under the instruction of SBF. Ellison also went into detail about how a $2 billion venture fund, FTX Ventures, was funded by money that had previously been allocated to Alameda from third-party lenders.
And though there are no charges of bribery in the case, Ellison also testified to paying Chinese officials $150 million to restore access to $1 billion in frozen trading accounts.
SBF trial: What we learned in the week one
As expected, the opening statements in the SBF trial were spicy.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
SBF trial: What we learned in week two
The second week of the trial’s standout testimony came from Alameda Research’s former CEO Caroline Ellison, who claimed she took $14 billion from customers to repay debts to lenders, using them as a line of credit under the instruction of SBF. Ellison also went into detail about how a $2 billion venture fund, FTX Ventures, was funded by money that had previously been allocated to Alameda from third-party lenders.
And though there are no charges of bribery in the case, Ellison also testified to paying Chinese officials $150 million to restore access to $1 billion in frozen trading accounts.
SBF trial: What we learned in the week one
As expected, the opening statements in the SBF trial were spicy. The prosecution painted a picture of an empire “built on lies” and made a point to show actual pictures of SBF alongside rich and powerful figures to illustrate the peak of his power and influence prior to FTX’s implosion.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Ellison also went into detail about how a $2 billion venture fund, FTX Ventures, was funded by money that had previously been allocated to Alameda from third-party lenders.
And though there are no charges of bribery in the case, Ellison also testified to paying Chinese officials $150 million to restore access to $1 billion in frozen trading accounts.
SBF trial: What we learned in the week one
As expected, the opening statements in the SBF trial were spicy. The prosecution painted a picture of an empire “built on lies” and made a point to show actual pictures of SBF alongside rich and powerful figures to illustrate the peak of his power and influence prior to FTX’s implosion.
“This man stole billions of dollars from thousands of people,” prosecutor Thane Rehn told the court. “He defrauded sophisticated investors and lenders, and he emptied the accounts of ordinary customers, too.
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Ellison also went into detail about how a $2 billion venture fund, FTX Ventures, was funded by money that had previously been allocated to Alameda from third-party lenders.
And though there are no charges of bribery in the case, Ellison also testified to paying Chinese officials $150 million to restore access to $1 billion in frozen trading accounts.
SBF trial: What we learned in the week one
As expected, the opening statements in the SBF trial were spicy. The prosecution painted a picture of an empire “built on lies” and made a point to show actual pictures of SBF alongside rich and powerful figures to illustrate the peak of his power and influence prior to FTX’s implosion.
“This man stole billions of dollars from thousands of people,” prosecutor Thane Rehn told the court. “He defrauded sophisticated investors and lenders, and he emptied the accounts of ordinary customers, too. He bought himself wealth, power and influence.”
The defense, on the other hand, depicted SBF and his colleagues as in over their heads, without ill-will as FTX collapsed around them.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
And though there are no charges of bribery in the case, Ellison also testified to paying Chinese officials $150 million to restore access to $1 billion in frozen trading accounts.
SBF trial: What we learned in the week one
As expected, the opening statements in the SBF trial were spicy. The prosecution painted a picture of an empire “built on lies” and made a point to show actual pictures of SBF alongside rich and powerful figures to illustrate the peak of his power and influence prior to FTX’s implosion.
“This man stole billions of dollars from thousands of people,” prosecutor Thane Rehn told the court. “He defrauded sophisticated investors and lenders, and he emptied the accounts of ordinary customers, too. He bought himself wealth, power and influence.”
The defense, on the other hand, depicted SBF and his colleagues as in over their heads, without ill-will as FTX collapsed around them.
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
SBF trial: What we learned in the week one
As expected, the opening statements in the SBF trial were spicy. The prosecution painted a picture of an empire “built on lies” and made a point to show actual pictures of SBF alongside rich and powerful figures to illustrate the peak of his power and influence prior to FTX’s implosion.
“This man stole billions of dollars from thousands of people,” prosecutor Thane Rehn told the court. “He defrauded sophisticated investors and lenders, and he emptied the accounts of ordinary customers, too. He bought himself wealth, power and influence.”
The defense, on the other hand, depicted SBF and his colleagues as in over their heads, without ill-will as FTX collapsed around them.
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said. “They had to figure out how to navigate a world where they were running FTX, building out its systems, dealing with hacking threats, managing the credit risk of their customers, managing hundreds of employees, all while building up their actual exchange.”
Read a recap of the prosecution and defense’s full arguments here.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
“This man stole billions of dollars from thousands of people,” prosecutor Thane Rehn told the court. “He defrauded sophisticated investors and lenders, and he emptied the accounts of ordinary customers, too. He bought himself wealth, power and influence.”
The defense, on the other hand, depicted SBF and his colleagues as in over their heads, without ill-will as FTX collapsed around them.
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said. “They had to figure out how to navigate a world where they were running FTX, building out its systems, dealing with hacking threats, managing the credit risk of their customers, managing hundreds of employees, all while building up their actual exchange.”
Read a recap of the prosecution and defense’s full arguments here.
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
“This man stole billions of dollars from thousands of people,” prosecutor Thane Rehn told the court. “He defrauded sophisticated investors and lenders, and he emptied the accounts of ordinary customers, too. He bought himself wealth, power and influence.”
The defense, on the other hand, depicted SBF and his colleagues as in over their heads, without ill-will as FTX collapsed around them.
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said. “They had to figure out how to navigate a world where they were running FTX, building out its systems, dealing with hacking threats, managing the credit risk of their customers, managing hundreds of employees, all while building up their actual exchange.”
Read a recap of the prosecution and defense’s full arguments here.
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit. The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
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He bought himself wealth, power and influence.”
The defense, on the other hand, depicted SBF and his colleagues as in over their heads, without ill-will as FTX collapsed around them.
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said. “They had to figure out how to navigate a world where they were running FTX, building out its systems, dealing with hacking threats, managing the credit risk of their customers, managing hundreds of employees, all while building up their actual exchange.”
Read a recap of the prosecution and defense’s full arguments here.
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit. The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said. “They had to figure out how to navigate a world where they were running FTX, building out its systems, dealing with hacking threats, managing the credit risk of their customers, managing hundreds of employees, all while building up their actual exchange.”
Read a recap of the prosecution and defense’s full arguments here.
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit. The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
“Sam and his colleagues were building the plane as they were flying it,” defense attorney Mark Cohen said. “They had to figure out how to navigate a world where they were running FTX, building out its systems, dealing with hacking threats, managing the credit risk of their customers, managing hundreds of employees, all while building up their actual exchange.”
Read a recap of the prosecution and defense’s full arguments here.
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit. The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm. That firm invested $278 million in FTX across 2021 and 2022, and is part of a class-action lawsuit accusing it and others of defrauding customers by promoting FTX.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit. The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm. That firm invested $278 million in FTX across 2021 and 2022, and is part of a class-action lawsuit accusing it and others of defrauding customers by promoting FTX.
His testimony centered around being left uninformed about FTX’s utilization of customer money to keep the Alameda Research afloat, a practice that Huang says would have halted his involvement.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
FTX’s co-founder and CTO Gary Wang testified Thursday on the extent to which Alameda Research was used for whatever purposes he and SBF saw fit. The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm. That firm invested $278 million in FTX across 2021 and 2022, and is part of a class-action lawsuit accusing it and others of defrauding customers by promoting FTX.
His testimony centered around being left uninformed about FTX’s utilization of customer money to keep the Alameda Research afloat, a practice that Huang says would have halted his involvement. The full breakdown of his testimony on his relationship with FTX, stretching back to 2019, can be found right here.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
The crypto trading firm, according to Wang, pulled funding directly from FTX customers, whose transactions would be funneled toward Alameda and then directed elsewhere.
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm. That firm invested $278 million in FTX across 2021 and 2022, and is part of a class-action lawsuit accusing it and others of defrauding customers by promoting FTX.
His testimony centered around being left uninformed about FTX’s utilization of customer money to keep the Alameda Research afloat, a practice that Huang says would have halted his involvement. The full breakdown of his testimony on his relationship with FTX, stretching back to 2019, can be found right here.
We also got a look at the composition of the SBF trial’s jury, which ranges from a train conductor to a retired investment banker who attended Stanford University.
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SBF Trial: The latest updates from the FTX collapse’s courtroom drama
Check here for our rundown of Wang’s testimony so far, resulting from a guilty plea in December 2022.
Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm. That firm invested $278 million in FTX across 2021 and 2022, and is part of a class-action lawsuit accusing it and others of defrauding customers by promoting FTX.
His testimony centered around being left uninformed about FTX’s utilization of customer money to keep the Alameda Research afloat, a practice that Huang says would have halted his involvement. The full breakdown of his testimony on his relationship with FTX, stretching back to 2019, can be found right here.
We also got a look at the composition of the SBF trial’s jury, which ranges from a train conductor to a retired investment banker who attended Stanford University. You can listen to a special joint episode of our podcasts Equity and Chain Reaction to get a better sense of the vibe between the jurors and the rest of the court.
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Thursday also brought in testimony from Matt Huang, co-founder and managing partner at crypto investment firm Paradigm. That firm invested $278 million in FTX across 2021 and 2022, and is part of a class-action lawsuit accusing it and others of defrauding customers by promoting FTX.
His testimony centered around being left uninformed about FTX’s utilization of customer money to keep the Alameda Research afloat, a practice that Huang says would have halted his involvement. The full breakdown of his testimony on his relationship with FTX, stretching back to 2019, can be found right here.
We also got a look at the composition of the SBF trial’s jury, which ranges from a train conductor to a retired investment banker who attended Stanford University. You can listen to a special joint episode of our podcasts Equity and Chain Reaction to get a better sense of the vibe between the jurors and the rest of the court.
For a full rundown of our coverage of the SBF trial, check below:
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SBF’s trial starts soon, but how did he — and FTX — get here?
SBF’s trial has started, this is how he and FTX got here
The highly anticipated criminal trial for Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, started Tuesday to determine whether he’s guilty of seven counts of fraud and conspiracy. And as one former federal prosecutor put it: “The odds seem to be stacked against him at this point.”
The 31-year-old co-founded FTX in 2019; within a few years the once third-largest crypto exchange’s valuation hit $32 billion at its peak. It’s now trying to claw back any funds to distribute to creditors.
But how did the once third-largest crypto exchange get here?
Before FTX, Bankman-Fried co-founded crypto-trading firm Alameda Research in 2017. He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
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SBF’s trial starts soon, but how did he — and FTX — get here?
SBF’s trial has started, this is how he and FTX got here
The highly anticipated criminal trial for Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, started Tuesday to determine whether he’s guilty of seven counts of fraud and conspiracy. And as one former federal prosecutor put it: “The odds seem to be stacked against him at this point.”
The 31-year-old co-founded FTX in 2019; within a few years the once third-largest crypto exchange’s valuation hit $32 billion at its peak. It’s now trying to claw back any funds to distribute to creditors.
But how did the once third-largest crypto exchange get here?
Before FTX, Bankman-Fried co-founded crypto-trading firm Alameda Research in 2017. He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality.
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SBF’s trial starts soon, but how did he — and FTX — get here?
And as one former federal prosecutor put it: “The odds seem to be stacked against him at this point.”
The 31-year-old co-founded FTX in 2019; within a few years the once third-largest crypto exchange’s valuation hit $32 billion at its peak. It’s now trying to claw back any funds to distribute to creditors.
But how did the once third-largest crypto exchange get here?
Before FTX, Bankman-Fried co-founded crypto-trading firm Alameda Research in 2017. He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality. In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
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SBF’s trial starts soon, but how did he — and FTX — get here?
It’s now trying to claw back any funds to distribute to creditors.
But how did the once third-largest crypto exchange get here?
Before FTX, Bankman-Fried co-founded crypto-trading firm Alameda Research in 2017. He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality. In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena.
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SBF’s trial starts soon, but how did he — and FTX — get here?
It’s now trying to claw back any funds to distribute to creditors.
But how did the once third-largest crypto exchange get here?
Before FTX, Bankman-Fried co-founded crypto-trading firm Alameda Research in 2017. He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality. In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others.
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SBF’s trial starts soon, but how did he — and FTX — get here?
He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality. In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others. He also had close ties to U.S.
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He co-founded FTX in 2019 as a complement to Alameda, to help bring in revenue and liquidity for the trading arm.
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality. In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others. He also had close ties to U.S. regulators and government officials, many of whom he donated to.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Within two years, more than 80 investors provided about $2 billion in capital to FTX, helping Bankman-Fried propel his vision into a reality. In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others. He also had close ties to U.S. regulators and government officials, many of whom he donated to.
Bankman-Fried was even compared to Warren Buffet and many called him the white horse of crypto (TechCrunch never did, for what it’s worth).
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SBF’s trial starts soon, but how did he — and FTX — get here?
In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others. He also had close ties to U.S. regulators and government officials, many of whom he donated to.
Bankman-Fried was even compared to Warren Buffet and many called him the white horse of crypto (TechCrunch never did, for what it’s worth).
But in early November 2022, that all changed.
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SBF’s trial starts soon, but how did he — and FTX — get here?
In January 2022, the company raised $400 million in a Series C round, boosting its valuation to $32 billion. That was its last round of public funding.
The company gained somewhat mainstream recognition with branding deals and partnerships. For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others. He also had close ties to U.S. regulators and government officials, many of whom he donated to.
Bankman-Fried was even compared to Warren Buffet and many called him the white horse of crypto (TechCrunch never did, for what it’s worth).
But in early November 2022, that all changed.
FTX’s collapse
Concerns surrounding FTX’s liquidity grew after CoinDesk published a copy of Alameda’s balance sheet, showing the firm held $14.6 billion in assets and $8 billion in liabilities as of June 30, 2022.
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SBF’s trial starts soon, but how did he — and FTX — get here?
For example, in 2021 it bought the naming rights for the Miami Heat’s home arena. FTX also got its name branded on Major League Baseball umpires’ polos, and it partnered with celebrities like Tom Brady and his ex-wife, Gisele Bündchen, as well as Steph Curry, Shaquille O’Neal and Naomi Osaka, among others. He also had close ties to U.S. regulators and government officials, many of whom he donated to.
Bankman-Fried was even compared to Warren Buffet and many called him the white horse of crypto (TechCrunch never did, for what it’s worth).
But in early November 2022, that all changed.
FTX’s collapse
Concerns surrounding FTX’s liquidity grew after CoinDesk published a copy of Alameda’s balance sheet, showing the firm held $14.6 billion in assets and $8 billion in liabilities as of June 30, 2022.
But there was a problem: The report showed Alameda’s largest asset was $3.66 billion of “unlocked FTT” and $2.16 billion of “FTT collateral.” FTT was the token behind FTX.
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SBF’s trial starts soon, but how did he — and FTX — get here?
He also had close ties to U.S. regulators and government officials, many of whom he donated to.
Bankman-Fried was even compared to Warren Buffet and many called him the white horse of crypto (TechCrunch never did, for what it’s worth).
But in early November 2022, that all changed.
FTX’s collapse
Concerns surrounding FTX’s liquidity grew after CoinDesk published a copy of Alameda’s balance sheet, showing the firm held $14.6 billion in assets and $8 billion in liabilities as of June 30, 2022.
But there was a problem: The report showed Alameda’s largest asset was $3.66 billion of “unlocked FTT” and $2.16 billion of “FTT collateral.” FTT was the token behind FTX.
The balance sheet showed that the $5.82 billion in FTT tokens that Alameda owned was 193% higher than the total FTT market cap, which was about $3 billion at the time.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Bankman-Fried was even compared to Warren Buffet and many called him the white horse of crypto (TechCrunch never did, for what it’s worth).
But in early November 2022, that all changed.
FTX’s collapse
Concerns surrounding FTX’s liquidity grew after CoinDesk published a copy of Alameda’s balance sheet, showing the firm held $14.6 billion in assets and $8 billion in liabilities as of June 30, 2022.
But there was a problem: The report showed Alameda’s largest asset was $3.66 billion of “unlocked FTT” and $2.16 billion of “FTT collateral.” FTT was the token behind FTX.
The balance sheet showed that the $5.82 billion in FTT tokens that Alameda owned was 193% higher than the total FTT market cap, which was about $3 billion at the time. That means it purported to have more FTT tokens on its balance sheet than what existed in the world.
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SBF’s trial starts soon, but how did he — and FTX — get here?
But in early November 2022, that all changed.
FTX’s collapse
Concerns surrounding FTX’s liquidity grew after CoinDesk published a copy of Alameda’s balance sheet, showing the firm held $14.6 billion in assets and $8 billion in liabilities as of June 30, 2022.
But there was a problem: The report showed Alameda’s largest asset was $3.66 billion of “unlocked FTT” and $2.16 billion of “FTT collateral.” FTT was the token behind FTX.
The balance sheet showed that the $5.82 billion in FTT tokens that Alameda owned was 193% higher than the total FTT market cap, which was about $3 billion at the time. That means it purported to have more FTT tokens on its balance sheet than what existed in the world.
Around the same time it was exposed, the world’s largest crypto exchange, Binance, started pulling out its remaining $2.1 billion equivalent of cash in BUSD and FTT.
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SBF’s trial starts soon, but how did he — and FTX — get here?
But there was a problem: The report showed Alameda’s largest asset was $3.66 billion of “unlocked FTT” and $2.16 billion of “FTT collateral.” FTT was the token behind FTX.
The balance sheet showed that the $5.82 billion in FTT tokens that Alameda owned was 193% higher than the total FTT market cap, which was about $3 billion at the time. That means it purported to have more FTT tokens on its balance sheet than what existed in the world.
Around the same time it was exposed, the world’s largest crypto exchange, Binance, started pulling out its remaining $2.1 billion equivalent of cash in BUSD and FTT. (It had an equity position in FTX from 2019 to 2021.) This essentially triggered a bank run on FTX.
FTX and Alameda filed for Chapter 11 bankruptcy in the U.S. mid-November 2022.
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SBF’s trial starts soon, but how did he — and FTX — get here?
The balance sheet showed that the $5.82 billion in FTT tokens that Alameda owned was 193% higher than the total FTT market cap, which was about $3 billion at the time. That means it purported to have more FTT tokens on its balance sheet than what existed in the world.
Around the same time it was exposed, the world’s largest crypto exchange, Binance, started pulling out its remaining $2.1 billion equivalent of cash in BUSD and FTT. (It had an equity position in FTX from 2019 to 2021.) This essentially triggered a bank run on FTX.
FTX and Alameda filed for Chapter 11 bankruptcy in the U.S. mid-November 2022. Bankman-Fried resigned, and John J. Ray III, the Enron turnaround veteran, was appointed its new CEO.
Bankman-Fried, however, maintained his innocence.
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SBF’s trial starts soon, but how did he — and FTX — get here?
The balance sheet showed that the $5.82 billion in FTT tokens that Alameda owned was 193% higher than the total FTT market cap, which was about $3 billion at the time. That means it purported to have more FTT tokens on its balance sheet than what existed in the world.
Around the same time it was exposed, the world’s largest crypto exchange, Binance, started pulling out its remaining $2.1 billion equivalent of cash in BUSD and FTT. (It had an equity position in FTX from 2019 to 2021.) This essentially triggered a bank run on FTX.
FTX and Alameda filed for Chapter 11 bankruptcy in the U.S. mid-November 2022. Bankman-Fried resigned, and John J. Ray III, the Enron turnaround veteran, was appointed its new CEO.
Bankman-Fried, however, maintained his innocence. At The New York Times’ DealBook Summit, he appeared virtually from the Bahamas, saying “I didn’t ever try to commit fraud on anyone; I was shocked by what happened this month.” In a published DM exchange with a Vox reporter, he said he regretted filing for bankruptcy and thought that “regulators make everything worse.”
SBF arrested
Bankman-Fried was arrested in December 2022 in the Bahamas, where FTX was based.
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SBF’s trial starts soon, but how did he — and FTX — get here?
(It had an equity position in FTX from 2019 to 2021.) This essentially triggered a bank run on FTX.
FTX and Alameda filed for Chapter 11 bankruptcy in the U.S. mid-November 2022. Bankman-Fried resigned, and John J. Ray III, the Enron turnaround veteran, was appointed its new CEO.
Bankman-Fried, however, maintained his innocence. At The New York Times’ DealBook Summit, he appeared virtually from the Bahamas, saying “I didn’t ever try to commit fraud on anyone; I was shocked by what happened this month.” In a published DM exchange with a Vox reporter, he said he regretted filing for bankruptcy and thought that “regulators make everything worse.”
SBF arrested
Bankman-Fried was arrested in December 2022 in the Bahamas, where FTX was based. He was then extradited to the U.S. to face a number of criminal charges.
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SBF’s trial starts soon, but how did he — and FTX — get here?
This essentially triggered a bank run on FTX.
FTX and Alameda filed for Chapter 11 bankruptcy in the U.S. mid-November 2022. Bankman-Fried resigned, and John J. Ray III, the Enron turnaround veteran, was appointed its new CEO.
Bankman-Fried, however, maintained his innocence. At The New York Times’ DealBook Summit, he appeared virtually from the Bahamas, saying “I didn’t ever try to commit fraud on anyone; I was shocked by what happened this month.” In a published DM exchange with a Vox reporter, he said he regretted filing for bankruptcy and thought that “regulators make everything worse.”
SBF arrested
Bankman-Fried was arrested in December 2022 in the Bahamas, where FTX was based. He was then extradited to the U.S. to face a number of criminal charges. He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto.
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SBF’s trial starts soon, but how did he — and FTX — get here?
mid-November 2022. Bankman-Fried resigned, and John J. Ray III, the Enron turnaround veteran, was appointed its new CEO.
Bankman-Fried, however, maintained his innocence. At The New York Times’ DealBook Summit, he appeared virtually from the Bahamas, saying “I didn’t ever try to commit fraud on anyone; I was shocked by what happened this month.” In a published DM exchange with a Vox reporter, he said he regretted filing for bankruptcy and thought that “regulators make everything worse.”
SBF arrested
Bankman-Fried was arrested in December 2022 in the Bahamas, where FTX was based. He was then extradited to the U.S. to face a number of criminal charges. He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto. This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Bankman-Fried, however, maintained his innocence. At The New York Times’ DealBook Summit, he appeared virtually from the Bahamas, saying “I didn’t ever try to commit fraud on anyone; I was shocked by what happened this month.” In a published DM exchange with a Vox reporter, he said he regretted filing for bankruptcy and thought that “regulators make everything worse.”
SBF arrested
Bankman-Fried was arrested in December 2022 in the Bahamas, where FTX was based. He was then extradited to the U.S. to face a number of criminal charges. He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto. This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
Ray represented the company during a House Financial Services Committee hearing regarding FTX.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Bankman-Fried, however, maintained his innocence. At The New York Times’ DealBook Summit, he appeared virtually from the Bahamas, saying “I didn’t ever try to commit fraud on anyone; I was shocked by what happened this month.” In a published DM exchange with a Vox reporter, he said he regretted filing for bankruptcy and thought that “regulators make everything worse.”
SBF arrested
Bankman-Fried was arrested in December 2022 in the Bahamas, where FTX was based. He was then extradited to the U.S. to face a number of criminal charges. He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto. This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
Ray represented the company during a House Financial Services Committee hearing regarding FTX. When asked whether the firm had significant risk management systems, Ray said at the time that “there were virtually no internal controls and no separateness whatsoever” and added that he did not “trust a single piece of paper” in the exchange’s organization.
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SBF’s trial starts soon, but how did he — and FTX — get here?
He was then extradited to the U.S. to face a number of criminal charges. He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto. This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
Ray represented the company during a House Financial Services Committee hearing regarding FTX. When asked whether the firm had significant risk management systems, Ray said at the time that “there were virtually no internal controls and no separateness whatsoever” and added that he did not “trust a single piece of paper” in the exchange’s organization. U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
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SBF’s trial starts soon, but how did he — and FTX — get here?
He was then extradited to the U.S. to face a number of criminal charges. He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto. This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
Ray represented the company during a House Financial Services Committee hearing regarding FTX. When asked whether the firm had significant risk management systems, Ray said at the time that “there were virtually no internal controls and no separateness whatsoever” and added that he did not “trust a single piece of paper” in the exchange’s organization. U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse.
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SBF’s trial starts soon, but how did he — and FTX — get here?
He was released on a $250 million bail bond, and he remained under house arrest at his parents’ home in Palo Alto. This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
Ray represented the company during a House Financial Services Committee hearing regarding FTX. When asked whether the firm had significant risk management systems, Ray said at the time that “there were virtually no internal controls and no separateness whatsoever” and added that he did not “trust a single piece of paper” in the exchange’s organization. U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse. They’re also facing civil penalties from the U.S.
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SBF’s trial starts soon, but how did he — and FTX — get here?
This was revoked in August after he was accused of intimidating Alameda’s former CEO, Caroline Ellison, by leaking her private diary.
Ray represented the company during a House Financial Services Committee hearing regarding FTX. When asked whether the firm had significant risk management systems, Ray said at the time that “there were virtually no internal controls and no separateness whatsoever” and added that he did not “trust a single piece of paper” in the exchange’s organization. U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse. They’re also facing civil penalties from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Ray represented the company during a House Financial Services Committee hearing regarding FTX. When asked whether the firm had significant risk management systems, Ray said at the time that “there were virtually no internal controls and no separateness whatsoever” and added that he did not “trust a single piece of paper” in the exchange’s organization. U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse. They’re also facing civil penalties from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
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SBF’s trial starts soon, but how did he — and FTX — get here?
U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse. They’re also facing civil penalties from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
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SBF’s trial starts soon, but how did he — and FTX — get here?
U.S. Attorney Damian Williams called Bankman-Fried’s alleged crimes “one of the biggest financial frauds in American history,” in a press conference.
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse. They’re also facing civil penalties from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many.
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SBF’s trial starts soon, but how did he — and FTX — get here?
The aftermath
FTX co-founder and former CTO Gary Wang, and Alameda Research’s former CEO, Caroline Ellison, both pleaded guilty in December 2022 to federal criminal charges in relation to the FTX collapse. They’re also facing civil penalties from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many. BlockFi filed for Chapter 11 in November 2022, as did Genesis Global Trading in January.
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SBF’s trial starts soon, but how did he — and FTX — get here?
They’re also facing civil penalties from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many. BlockFi filed for Chapter 11 in November 2022, as did Genesis Global Trading in January.
Where we are today
Bankman-Fried will be represented by Cohen & Gresser, and Mark Cohen, a high-profile defense attorney and former federal prosecutor, will be the lead attorney.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alongside the criminal charges. Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many. BlockFi filed for Chapter 11 in November 2022, as did Genesis Global Trading in January.
Where we are today
Bankman-Fried will be represented by Cohen & Gresser, and Mark Cohen, a high-profile defense attorney and former federal prosecutor, will be the lead attorney. If that name sounds familiar, it might be because he also represented Ghislaine Maxwell in her sex trafficking trial related to Jeffrey Epstein.
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SBF’s trial starts soon, but how did he — and FTX — get here?
Wang and Ellison plan to cooperate with prosecutors and will be major witnesses in the trial, given their close ties to Bankman-Fried, FTX and Alameda.
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many. BlockFi filed for Chapter 11 in November 2022, as did Genesis Global Trading in January.
Where we are today
Bankman-Fried will be represented by Cohen & Gresser, and Mark Cohen, a high-profile defense attorney and former federal prosecutor, will be the lead attorney. If that name sounds familiar, it might be because he also represented Ghislaine Maxwell in her sex trafficking trial related to Jeffrey Epstein. He requested an early release for Bankman-Fried but was denied.
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SBF’s trial starts soon, but how did he — and FTX — get here?
In January, Bankman-Fried pleaded not guilty to all counts, which include wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many. BlockFi filed for Chapter 11 in November 2022, as did Genesis Global Trading in January.
Where we are today
Bankman-Fried will be represented by Cohen & Gresser, and Mark Cohen, a high-profile defense attorney and former federal prosecutor, will be the lead attorney. If that name sounds familiar, it might be because he also represented Ghislaine Maxwell in her sex trafficking trial related to Jeffrey Epstein. He requested an early release for Bankman-Fried but was denied.
With the trial beginning, we’re witnessing how FTX’s story ends. But what’s on our mind is what happens to the investors and creditors affected by the collapse?
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SBF’s trial starts soon, but how did he — and FTX — get here?
He could face up to 115 years in jail if convicted on all charges.
The crypto industry as a whole suffered from FTX’s collapse, which was the first of many. BlockFi filed for Chapter 11 in November 2022, as did Genesis Global Trading in January.
Where we are today
Bankman-Fried will be represented by Cohen & Gresser, and Mark Cohen, a high-profile defense attorney and former federal prosecutor, will be the lead attorney. If that name sounds familiar, it might be because he also represented Ghislaine Maxwell in her sex trafficking trial related to Jeffrey Epstein. He requested an early release for Bankman-Fried but was denied.
With the trial beginning, we’re witnessing how FTX’s story ends. But what’s on our mind is what happens to the investors and creditors affected by the collapse? And what happens to the billions in crypto assets tied up in legal proceedings?
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
Hiya, folks, and welcome to Week in Review (WiR), TechCrunch’s digest of the past week in tech news. It’s TC’s column that highlights the major stories over the past few days, and — we humbly submit — it’s a darn useful resource for folks on the go.
This week, we cover Sam Altman backing a teen’s AI startup, Google’s hardware event (and first impressions of the Pixel 8 Pro), Flexport drama, and the ongoing FTX fallout. Also on the agenda: Gmail’s harsher rules to prevent spam, TikTok testing an ad-free subscription plan, and LinkedIn going big on AI tools. And that’s not all.
If you haven’t, sign up here to get WiR in your inbox every Saturday. And if you have, our thanks. Now, let’s get on with the news.
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
Hiya, folks, and welcome to Week in Review (WiR), TechCrunch’s digest of the past week in tech news. It’s TC’s column that highlights the major stories over the past few days, and — we humbly submit — it’s a darn useful resource for folks on the go.
This week, we cover Sam Altman backing a teen’s AI startup, Google’s hardware event (and first impressions of the Pixel 8 Pro), Flexport drama, and the ongoing FTX fallout. Also on the agenda: Gmail’s harsher rules to prevent spam, TikTok testing an ad-free subscription plan, and LinkedIn going big on AI tools. And that’s not all.
If you haven’t, sign up here to get WiR in your inbox every Saturday. And if you have, our thanks. Now, let’s get on with the news.
Most read
Altman backs teen entrepreneurs: Sam Altman is among the backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating workflows in “previously unexplored” ways.
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
This week, we cover Sam Altman backing a teen’s AI startup, Google’s hardware event (and first impressions of the Pixel 8 Pro), Flexport drama, and the ongoing FTX fallout. Also on the agenda: Gmail’s harsher rules to prevent spam, TikTok testing an ad-free subscription plan, and LinkedIn going big on AI tools. And that’s not all.
If you haven’t, sign up here to get WiR in your inbox every Saturday. And if you have, our thanks. Now, let’s get on with the news.
Most read
Altman backs teen entrepreneurs: Sam Altman is among the backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating workflows in “previously unexplored” ways. Manish writes that Induced AI, founded this year, lets businesses input their back-office tasks in plain English and converts the instructions to pseudo-code in real time.
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696
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
This week, we cover Sam Altman backing a teen’s AI startup, Google’s hardware event (and first impressions of the Pixel 8 Pro), Flexport drama, and the ongoing FTX fallout. Also on the agenda: Gmail’s harsher rules to prevent spam, TikTok testing an ad-free subscription plan, and LinkedIn going big on AI tools. And that’s not all.
If you haven’t, sign up here to get WiR in your inbox every Saturday. And if you have, our thanks. Now, let’s get on with the news.
Most read
Altman backs teen entrepreneurs: Sam Altman is among the backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating workflows in “previously unexplored” ways. Manish writes that Induced AI, founded this year, lets businesses input their back-office tasks in plain English and converts the instructions to pseudo-code in real time.
Google unveils new hardware: This week was Google’s annual hardware event, where the search and consumer tech giant showed off what it’s been working on.
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697
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
Also on the agenda: Gmail’s harsher rules to prevent spam, TikTok testing an ad-free subscription plan, and LinkedIn going big on AI tools. And that’s not all.
If you haven’t, sign up here to get WiR in your inbox every Saturday. And if you have, our thanks. Now, let’s get on with the news.
Most read
Altman backs teen entrepreneurs: Sam Altman is among the backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating workflows in “previously unexplored” ways. Manish writes that Induced AI, founded this year, lets businesses input their back-office tasks in plain English and converts the instructions to pseudo-code in real time.
Google unveils new hardware: This week was Google’s annual hardware event, where the search and consumer tech giant showed off what it’s been working on. Christine wrote up a thorough roundup of the news, which included updates on the Pixel 8 and Pixel 8 Pro, Pixel Fold, Android 14, Pixel Buds, Google Assistant, Bard, Pixel Watch 2 and other goodies.
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698
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
If you haven’t, sign up here to get WiR in your inbox every Saturday. And if you have, our thanks. Now, let’s get on with the news.
Most read
Altman backs teen entrepreneurs: Sam Altman is among the backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating workflows in “previously unexplored” ways. Manish writes that Induced AI, founded this year, lets businesses input their back-office tasks in plain English and converts the instructions to pseudo-code in real time.
Google unveils new hardware: This week was Google’s annual hardware event, where the search and consumer tech giant showed off what it’s been working on. Christine wrote up a thorough roundup of the news, which included updates on the Pixel 8 and Pixel 8 Pro, Pixel Fold, Android 14, Pixel Buds, Google Assistant, Bard, Pixel Watch 2 and other goodies.
Hands on with the Pixel 8 Pro: Darrell took the newly unveiled Pixel 8 Pro for a whirl, and he liked what he saw.
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699
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Sam Altman backs teens’ startup, Google unveils the Pixel 8 and TikTok tests an ad-free tier
Most read
Altman backs teen entrepreneurs: Sam Altman is among the backers of an AI startup, founded by two teenagers, that’s aiming to assist businesses in automating workflows in “previously unexplored” ways. Manish writes that Induced AI, founded this year, lets businesses input their back-office tasks in plain English and converts the instructions to pseudo-code in real time.
Google unveils new hardware: This week was Google’s annual hardware event, where the search and consumer tech giant showed off what it’s been working on. Christine wrote up a thorough roundup of the news, which included updates on the Pixel 8 and Pixel 8 Pro, Pixel Fold, Android 14, Pixel Buds, Google Assistant, Bard, Pixel Watch 2 and other goodies.
Hands on with the Pixel 8 Pro: Darrell took the newly unveiled Pixel 8 Pro for a whirl, and he liked what he saw. While very similar to last year’s model (the Pixel 7 Pro), Darrell felt that the improved cameras, brighter screen and enhanced AI-powered features made it enough of an upgrade to (potentially) warrant a purchase — minus the underutilized temperature sensor.
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