DeFi News Official TheBitTimes.com

In the ongoing legal saga of former FTX exchange CEO Sam “SBF” Bankman-Fried, all eyes are now on Caroline Ellison, his ex-partner and the former head of Alameda Research, as she prepares to take the stand. Her testimony is expected to unveil intricate details concerning the fraudulent manipulation of customer funds. The second week of the criminal trial, commencing on October 10, focuses heavily on the pivotal testimony of Caroline Ellison. Notably, Ellison is not only a key witness but also a past romantic associate of SBF. Furthermore, she held the position of CEO at Alameda Research, an affiliated hedge fund of FTX, which, notably, filed for Chapter 11 bankruptcy in November 2022. During a specific period, Caroline Ellison resided with Bankman-Fried and other top FTX executives in the Bahamas. Given her past roles, she was deeply entrenched within SBF’s inner circle. Consequently, her testimony is eagerly awaited by prosecutors and the presiding judge, Lewis Kapl...

Former FTX CEO Sam Bankman-Fried’s lawyers question whether he can prepare for trial , while prosecutors claim that his bail revocation appeal is meritless. According to a Sept. 6 Decrypt report, SBF’s lawyers argue that he “will not have a meaningful opportunity to prepare his defense” under his current arrest conditions. The former FTX CEO was granted access to an air-gapped laptop in a visiting room during specific daily hours to review discovery materials related to the case brought against him. More specifically, according to the filing, SBF has access to the laptop to view the documents “in the legal visiting room 8:00 a.m. to 7:00 p.m., Monday through Friday, and 8:00 a.m. to 3:30 p.m., Saturday through Sunday and holidays.” The letter cited an alleged incident when he was forced to leave the room early, losing about 4.5 hours of access. Moreover, SBF’s lawyers argued that communication with him is too “slow and cumbersome.” At the same time...