
Every morning last week, I have gotten up at an uncomfortable hour, trekked over to the federal courthouse in lower Manhattan and watched the United States Department of Justice's case against Sam Bankman-Fried begin. Here's what has happened since then, he said.
It's been less than a week since the federal government's trial against FTX's Sam Bankman-Fried, but we've already heard from an FTX co-founder, a former developer, a customer and an investor.
Over the first three days of the actual trial, we have heard opening arguments and testimony from four people: FTX customer Marc-Antoine Julliard, former FTX developer Adam Yedidia, Paradigm co-founder Matt Huang and FTX co-founder Gary Wang.
One of these witness testimony brought their own unique account of how they were harmed by FTX and the exchange's collapse. This is a list of key discoveries we've heard.
FTX had an insurance fund with an amount listed on its website, Wang said, but this amount was essentially a randomly generated figure.
None Paradigm has charted its $278 million investment in FTX to zero, Huang said.
Some crypto firms are going to spend more on services in the U.K., the U.K.'s crypto promotions rule is certainly having an effect. The cryptocurrency promotions rule in the U.K. is currently in effect - and it is certainly having an effect.
If you have any questions or comments about what I should discuss next week or any other feedback you'd like to share, email me at nik@coindesk.com or find me on Twitter at @nikhileshde.