CryptoMediaClub
Friday, July 18, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Sam Bankman-Fried inner circle to testify today

06.10.2023
A A
0
123
VIEWS
ShareShare

A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution.

The former FTX CEO is facing a total of seven charges related to fraud and conspiracy to commit fraud. He could spend over 100 years in prison if convicted.

At the trial, SBF appeared to be focused on his defense strategy, constantly checking his laptop and attorneys’ paperwork. As his defense counsel delivered an opening statement, he turned his focus toward the 12 jurors who will decide if SBF intentionally misused FTX customer funds or if mistakes were made in good faith.

Related: Sam Bankman-Fried FTX trial — 5 things you need to know

Two witnesses testified on the first day of the trial: Marc Juilliard, a French trader who lost 4 Bitcoin (BTC) worth over $100,000 in November 2022, and Adam Yedidia, a personal friend of SBF and a former employee of Alameda Research and FTX.

FTX advertising campaigns, celebrity endorsements and SBF’s tweets are among the evidence being used by prosecutors to prove that SBF lied to customers while defrauding them.

According to the defense, however, there’s nothing wrong with hiring Tom Brady for an advertisement and filing for bankruptcy during a market downturn.

The third day of the trial begins around 10:00 am Eastern Time in a federal court in lower Manhattan, New York City. It will feature Yedidia’s second appearance in the trial, as well as FTX co-founder Gary Wang, who is a key witness.

Cointelegraph is on the ground in New York with the latest updates on the trial. Follow live updates here.

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Ripple Earns Distinction as a Leading Innovator in Digital Assets

Ripple Earns Distinction as a Leading Innovator in Digital Assets

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Friend.tech Records Largest Single-Day TVL Drop

2 years ago
Wall Street Memes Hits $13M in Presale, Will It Surpass PEPE?

Wall Street Memes Hits $13M in Presale, Will It Surpass PEPE?

2 years ago
Stablecoin Issuer Tether Allocates 15% Profit Every Month To Buy Bitcoin

Stablecoin Issuer Tether Allocates 15% Profit Every Month To Buy Bitcoin

2 years ago

Massive ChatGPT Accounts Leak? Over 100,000 Credentials Leaked According to Cybersec Firm

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

$FARTCOIN Nears $1.80 Breakout: Will Whale Activity Trigger the Next Rally?

Memecoins and DeFi beat Bitcoin as BONK, CRV, FRAX post over 20% gains in 24 hours

Bitcoin Could Become Quantum-Resistant by 2030

Westpac and Australia’s RBA Launch Chainlink-Based Tokenized Asset Settlement Project

Trending

XRP hits new ATH of $3.55 after 7 years amid altcoin surge
Analysis

XRP hits new ATH of $3.55 after 7 years amid altcoin surge

18.07.2025
0

Ripple’s XRP surged to a new all-time high of $3.55 on July 17, climbing more than 36%...

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
South Korea’s Shinhan Launches Crypto Services on Its Banking App

South Korea’s Shinhan Launches Crypto Services on Its Banking App

18.07.2025
SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

18.07.2025
Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

17.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz