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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...

The FTX saga continues to take center stage, even though it has been months since the collapse. From Sam Bankman-Fried’s arrest to his bail and the conditions, SBF remained the topic of discussion. Once again, the former FTX chief was making headlines as a U.S. judge was discussing SBF’s bail conditions all over again. SBF currently faces 12 counts after last month’s addition of fresh fraud and conspiracy allegations by the prosecution. On the first eight charges, he entered a not-guilty plea in January 2023. SBF attorneys stated this in a letter to Kaplan on Wednesday. In addition to the fresh allegations, they could want more time than anticipated to analyze the available material and put up a response. Therefore, U.S. District Judge Lewis Kaplan will decide if the fraud trial that is scheduled for Oct. 2 will go as planned or be pushed back. Amidst this, other individuals involved in the case could be taken off the case. Shaquille O’Neal, a form...