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FTX founder Sam Bankman-Fried’s trial day 11: Recap 

On the 11th day of FTX founder Bankman-Fried’s historic trial , an expert witness reveals how several investments and loans were made from FTX’s customer funds.  Sam Bankman-Fried’s trial enters its 11th day, as the prosecutor calls multiple witnesses to testify. Today’s witnesses included Professor Peter Easton, who was employed by the litigation assistance firm Brattle to analyze the accounts of FTX and Alameda Research.  Testimony of Peter D. Easton, Professor of Accountancy at Notre Dame Easton is shown a balance sheet of funds going from FTX to Alameda.  47 Alameda accounts received money from FTX customer accounts in the presented balance sheet.  Several investments by Bankman-Fried were made from FTX customer funds. This includes:  Investments to Anthony Scaramucci’s Skybridge Capital and $100 million in Dave Inc. from a venture by Alameda.  Nishad Singh took $1 million from customer funds to make donations to the political committee M...
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FTX founder Sam Bankman-Fried’s trial day 1: Recap  

Sam Bankman-Fried’s historic trial has started today in New York City, as the former FTX CEO is set to be tried on seven different charges of wire fraud and money laundering. The historic trial of Sam Bankman-Fried, the founder of a crypto exchange FTX, has started today with jury selection. The trial began today at 10 AM New York time at the Daniel Patrick Moynihan Courthouse on 500 Pearl Street.  Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas Roos is leading the prosecution. The defense is being led by Mark Cohen. Here are the latest live updates from inside the courtroom:  Sam Bankman-Fried has entered the court with five lawyers.  SBF had received no plea offer from the prosecutor, affirmed by both lawyers.  Judge Kaplan indicates that the case might be decided in a couple of weeks (rather than six weeks, as believed by the lawyers) Judge Kaplan emphasizes that the Jurors must not read any posts, publ...
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Swift concludes trial on blockchain interoperability and asset transfer

Swift, the global messaging network for international payments, has shared key findings from its recent experiments on blockchain compatibility. Working alongside major financial institutions and Chainlink, Swift set out to showcase its potential as a central hub for facilitating the transfer of tokenized asset s across different blockchain s. The trial also roped in leading financial entities, including ANZ, BNP Paribas, and Citi, among others. You might also like: Citi survey: more firms exploring blockchain despite FTX setback Chainlink securely connected the Swift network and Ethereum’s Sepolia testnet via the oracle’s Cross-Chain Interoperability Protocol (CCIP). Exciting news! Together with more than a dozen major financial institutions, we’ve successfully shown how the #Swift network can facilitate the transfer of tokenised assets across multiple public & private #blockchains. 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲: https://t.co/L0o6meHXfd pic.twitter.com/VVtt1VnJZc ...
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