Crypto

Trezor, a hardware crypto wallet company, debuted two new products this week at the Bitcoin Amsterdam conference — and we got to take a first look at them. Trezor Safe 3, a hardware crypto wallet, and Trezor Keep Metal, a “mistake-proof” backup solution for wallet passwords, launched in c

After settling on Thursday with the Federal Trade Commission (FTC), bankrupt crypto company Voyager is permanently banned from handling consumers’ assets. But the government agency also announced on Thursday that it’s suing Voyager’s former CEO, Stephen Ehrlich, for falsely claimi

The collapse of the FTX empire didn’t just set in motion a crypto market downturn. The unraveling of FTX’s misuse of customer funds also exposed the risks of using crypto wallets controlled by centralized trading platforms, prompting users to seek self-custodial wallets. As their name i

Caroline Ellison's testimony at Sam Bankman-Fried's trial spread into a second day, digging deep into the state of crypto trading firm Alameda Research's faulty balance sheets. “We were in a bad situation,” Ellison said, referring to the time period between May and June 2022. “[We

During the Sam Bankman-Fried trial on Wednesday, former Alameda Research CEO Caroline Ellison testified that the crypto trading firm paid Chinese officials to get their Alameda trading accounts on OKX and Huobi in China unlocked. Judge Lewis Kaplan noted that the defendant is not charged in this ca

On January 14, 2022, former crypto mogul Sam Bankman-Fried tweeted: “First, we’re launching a $2 billion venture fund, FTX Ventures. As a founder, it’s important to support other founders creating great companies. Hopefully this will allow us to do that a lot more.” A noble

Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried's six-week trial, claiming that the former FTX CEO directed her to commit fraud and money laundering crimes. Ellison added that while she ran Alameda, she took several

As we gear up for week two of the Sam Bankman-Fried fraud trial, we pulled together some of the juiciest bits from witnesses who took the stand last week. Among them was Gary Wang, the co-founder and CTO of FTX, who took a plea deal in December 2022. He's expected to finish his cross-examinatio

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, we’ll dive into the results of a survey I conducted on the future of AI and w

The Sam Bankman-Fried trial gained steam after a somewhat sleepier first half of the day. That’s when prosecutors and the defense asked a witness and former FTX developer about the technical details of the crypto exchange as well as Alameda Research. But that changed around 4 p.m. when FTX co

The criminal trial of Sam Bankman-Fried, former cryptocurrency magnate, completed its second day on Wednesday. The prosecution and defense both gave opening statements and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX

The second day for Sam Bankman-Fried's trial was filled with jury selection, opening statements and testimonies from the first two witnesses with connections to the FTX crypto exchange, with a peek into what may be in store. His lawyers arrived to the courtroom around 9:20 a.m.

On the first day of Sam Bankman-Fried's trial, in a dark mahogany-walled courtroom at the Southern District of New York, federal district Judge Lewis Kaplan asked the U.S. government if it had ever offered any plea offers to the defendant. The government's lawyers confirmed they did not.

The highly anticipated criminal trial for Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, started Tuesday to determine whether he's guilty of seven counts of fraud and conspiracy. And as one former federal prosecutor put it: “The odds seem to be stacked against him at this