Page 2 - Constance Wang News Today

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Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Author Michael Lewis released his new book, Going Infinite: The Rise and Fall of a New Tycoon, which chronicles the life of FTX founder Sam Bankman-Fried. The book arrives amid Lewis facing criticism for his portrayal of characters, including allegations of bias. Lewis, known for his bestselling nonfiction books, spent months shadowing Bankman-Fried and interviewing those close to him.

The second week of the high-profile criminal trial of FTX founder Sam Bankman-Fried was filled with insight into his private life provided by those closest to him, including a friend he met at math camp and his former girlfriend, Caroline Ellison.

SBF’s Alameda bribe scandal worsens, and crypto lending was invalidated by a second Chinese court in a landmark ruling.

A Chinese bribe! A Saudi deal! And other secrets shared in the star witness’ testimony against SBF.

Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, testified Wednesday that the duo bribed Chinese officials $100 million to regain access to more than $1 billion in frozen cryptocurrency so they could continue their con to cheat investors out of their money.

(Bloomberg) -- Alameda Research co-Chief Executive Officer Caroline Ellison took the stand for a second day on Wednesday in the trial of Sam Bankman-Fried, co-founder of crypto exchange FTX. Ellison, who also had an on-and-off romantic relationship with Bankman-Fried, is the most important of the government’s three star witnesses.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsWall Street Brushes Off Hot PPI as Stocks Advance: Markets WrapIsrael Lat...

Michael Lewis paints an overwhelmingly positive picture of former FTX CEO Sam Bankman-Fried in his new book, "Going Infinite: The Rise and Fall of a New Tycoon."