The latest on Sam Bankman-Fried: Creditor claims, new photos, and more
Disgraced crypto founder Sam Bankman-Fried’s criminal trial is set to commence on October 2, when he’ll face a variety of charges that could see him receiving a life sentence. The former FTX chief has been no stranger to the spotlight ever since the crypto exchange spectacularly crashed at the end of 2022. Although currently on house arrest, Bankman-Fried may soon be transferred to jail for breaking bail conditions. From the confines of his parents’ Palo Alto home, he’s been accused of serious crimes including witness tampering and rug-pulling. It’s hard to keep up. Take a dive into the most important updates from the past week. August 7: Sino Global files $67M claim against FTX Matthew Graham’s Sino Global has filed a $67.3 million claim against FTX Trading on behalf of the firm’s crypto investment fund, which was launched in 2021 with FTX listed as a “co-GP and anchor LP” in the fundraising. Sino Global’s Liquid fund aimed to raise $200 million. As...