BlockFi CEO Zac Prince testified in the SBF trial that Alameda and FTX were the main culprits behind BlockFi's collapse, and stated that he would never have issued loans if he had known that Alameda's balance sheet contained false information.

Attorneys representing Sam Bankman-Fried have requested to cross-examine all witnesses following former Alameda CEO Caroline Ellison in a letter motion submitted to Judge Lewis A. Kaplan on October 12. The motion addresses evidence-related issues that have arisen during the trial and are likely to occur again with subsequent witnesses.

A secretly recorded audio clip lasting 75 minutes has been released, revealing the moment 15 former Alameda Research staff learned that the hedge fund was "borrowing" user funds from FTX. The recording, obtained by Cointelegraph, sheds new light on the tension felt by Caroline Ellison and Alameda staff leading up to FTX's collapse.

Former CEO of Alameda Research, Caroline Ellison, testified that a tweet from Binance CEO Changpeng Zhao (CZ) caused the collapse of the cryptocurrency exchange FTX. In the tweet on November 6, 2022, CZ announced that Binance would liquidate its holdings of FTX tokens (FTT). Many reports claim that the liquidation of the tokens caused retail investors to follow Binance in withdrawing from FTX. The platform's run on withdrawals led to FTX ceasing withdrawals and filing for bankruptcy on November 11th. Ellison stated that while CZ's tweet "contributed" to the collapse of FTX, the main reason was that Alameda borrowed 10 billion US dollars from the exchange that they were "unable to repay".

Elliptic, a research firm, has traced stolen assets worth $400 million from the now-defunct FTX crypto exchange to Russia-based cybercriminal groups. The attackers used RenBridge to move 65,000 ETH to the Bitcoin blockchain and employed a blockchain-based tool called a mixer to cover their tracks. However, at least $4 million of these assets made their way to various exchanges, hinting at a possible cash-out attempt. Elliptic's analysis suggests a Russian connection, as a significant portion of the stolen assets merged with funds linked to Russian criminal syndicates.

Sam Bankman-Fried's legal team has requested clarification and reconsideration on certain aspects of the court's rulings following testimony from former FTX CTO Gary Wang and former Alameda CEO Caroline Ellison. The defense seeks clarification on the ruling to preclude Bankman-Fried from arguing that FTX was not regulated in the US and that he followed rules for FTX US.

Former Alameda Research CEO Caroline Ellison testified during the Sam Bankman-Fried trial that the crypto trading firm paid Chinese officials to unlock their Alameda trading accounts on OKX and Huobi in China. However, Bankman-Fried is not charged with bribery of Chinese officials in this case, and the evidence was presented for limited purposes of displaying trust and confidence as well as motive between Bankman-Fried and Ellison. Ellison testified that Bankman-Fried and Trabucco told her via a Signal chat to make the payments, and the accounts were reopened after she made about $100 million to $150 million in payments of "crypto transfers" to accounts. During the trial, it was revealed that Alameda employees tried various strategies to open the accounts, including getting Thai prostitutes to open accounts on the exchanges, but these efforts were unsuccessful.

October 11th,  in the SBF trial, a tweet draft edited by SBF in September last year was adopted as evidence by the court. The draft shows that SBF planned to announce the closure of Alameda Research to the world in this way. In the draft, SBF described Alameda Research as "one of my biggest successes" and referred to it as "one of the supports of the ecosystem". SBF also stated "Alameda Research is dead. Long live FTX."

Sam Bankman-Fried's defense team has filed motions to question Caroline Ellison about her reliance on legal counsel while CEO of Alameda Research and the valuation of FTX's stake in Anthropic AI. Ellison is the star witness in the criminal fraud case against Bankman-Fried, and the defense wants to address the "advice-of-counsel" argument.

FTX co-founder Gary Wang testified that he received a $35 million loan from Alameda to purchase real estate, and SBF deposited $1 million into Wang's FTX account to pay the loan interest. Wang stated that FTX lawyer Dan Friedberg, referred to as SBF's "mediator" in previous FTX bankruptcy filings, signed the check recording the loan.

Sam Bankman-Fried's lawyers have requested permission from Judge Lewis Kaplan to question FTX co-founder Gary Wang about his reliance on legal advice when agreeing to loans from Alameda Research. The letter seeks carve-outs from the judge to allow Bankman-Fried to argue that lawyers' involvement shows he did not realize the loans were improper.

The hacker who stole over $400 million from FTX and FTX US in November may be using the attention surrounding Sam Bankman-Fried's fraud trial to further hide the funds, according to CertiK's director of security operations Hugh Brooks.

The trial of the SBF fraud case is underway, and Caroline Ellison, the former lover of the CEO of Alameda Research and SBF, will testify in court today. The testimony may provide the most in-depth and potentially destructive disclosure of FTX and Alameda financial transactions. Due to Ellison's close relationship with SBF and her position at Alameda, she has even become the focus of the trial before her scheduled testimony.

Sam "SBF" Bankman-Fried, the former CEO of FTX, is currently facing seven counts of fraud and conspiracy to commit fraud against FTX investors and customers in a federal court in New York. The Department of Justice has presented a strong legal case against him, while his defense team has offered minimal resistance. Prosecutors have presented evidence, including changes made to FTX's code by Bankman-Fried's request, to show that he deliberately lied to investors, journalists, and clients. If Bankman-Fried's defense team decides to appeal the case, they would need to identify legal errors or misconduct during the trial, which can be a lengthy process.

Gary Wang, co-founder of FTX, testified in the SBF trial that in November 2022, FTX's customer balance was equal to the assets held in the hot wallet, with one important exception: a hidden debt of $8 billion called "fiat@". As customers began withdrawing assets from FTX in November 2022, SBF asked Gary Wang to calculate how much money Alameda Research needed to deposit into the exchange to cover the outflow of funds.

At his fraud trial, Sam Bankman-Fried's lawyer argued that he did not steal customer money from FTX but rather overlooked risk management while building the business. The defense acknowledged that FTX lent money to Bankman-Fried's hedge fund, Alameda Research, but argued that he believed the loans were permitted and backed up by collateral.

Binance.US and its CEO, Changpeng Zhao, are facing a collective lawsuit in the Northern California District Court. The suit accuses the cryptocurrency exchange of unfair competition and attempts to monopolize the market, specifically by undermining its rival, FTX.

Former SEC attorney John Reed Stark has predicted that Sam Bankman-Fried, the founder of defunct crypto exchange FTX, is unlikely to be acquitted of sweeping fraud charges that could result in a lifetime in prison. Stark cited the unprecedented level of access to witnesses and evidence possessed by the DOJ team, as well as the many high-profile executives close to Bankman-Fried who have already pled guilty to reduce their criminal sentences.

Sam Bankman-Fried, the founder of FTX, is set to stand trial next week over his alleged role in the collapse of his $32 billion cryptocurrency exchange. He faces seven charges and could potentially receive a sentence of up to 115 years in prison if found guilty on all counts. Legal experts suggest that a fraud conviction could result in a life sentence. Bankman-Fried has pleaded not guilty to all charges. The defense may argue that he was a scapegoat or incompetent, but this may not be persuasive to a jury.

According to Seth Melamed, the Chief Operating Officer of FTX Japan, FTX Japan will provide Proof of Solvency to verify the assets deposited by customers on their exchange in a tamper-proof and verifiable manner.