Timeline of FTX trial
From Timelines
This is a timeline of FTX trial.
Contents
Sample questions
The following are some interesting questions that can be answered by reading this timeline:
Big picture
| Time period | Development summary | More details |
|---|
Full timeline
| Year | Month and date | Event type | Details |
|---|---|---|---|
| 2023 | October 3 | The trial against SBF begins in New York, where he is accused of stealing billions from customers and investors. While he denies the charges, he is tried on accusations of extravagant spending and fraudulent use of customer funds.[1][2][3] | |
| 2023 | October 4 | SBF parents Joe Bankman and Barbara Fried, arrive at court in New York.[4] | |
| 2023 | October 4 | Former FTX developer Adam Yedidia testifies at Manhattan Federal Court.[5] | |
| 2023 | October 5 | Trial Day 3. The prosecution cross-examines Adam Yedidia, revealing an $8 billion liability from Alameda to FTX. Yedidia, FTX developer and Bankman-Fried's associate, discloses that FTX had deposited user funds into an Alameda account due to banking issues, forming an $8 billion obligation. Despite Yedidia's concerns, Bankman-Fried assured him of resolving the debt. Gary Wang, FTX and Alameda co-founder, admits to wire fraud and securities fraud, highlighting Alameda's special benefits, including a $65 billion credit line. The defense stresses FTX's rapid expansion and Bankman-Fried's heavy workload during the bullish market of 2021.[6] |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by Sebastian.
Funding information for this timeline is available.
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What the timeline is still missing
Timeline update strategy
See also
External links
References
- ↑ "Fallen crypto king Sam Bankman-Fried faces 110 years in prison for alleged FTX fraud". The Independent. 2 October 2023. Retrieved 20 October 2023.
- ↑ "Who is Sam Bankman-Fried, the former 'King of Crypto' on trial for fraud?". Sky News. Retrieved 20 October 2023.
- ↑ "Sam Bankman-Fried: Trial of 'Crypto King' begins". BBC News. 3 October 2023. Retrieved 20 October 2023.
- ↑ Morrow, Allison (4 October 2023). "Sam Bankman-Fried's crypto empire was 'built on lies,' US prosecutor says | CNN Business". CNN. Retrieved 20 October 2023.
- ↑ Neumeister, Larry. "FTX co-founder testifies against Bankman-Fried, says they committed crimes". www.timesofisrael.com. Retrieved 20 October 2023.
- ↑ "Sam Bankman-Fried's Trial Day 3". Binance. Retrieved 22 October 2023.
