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Adam Yedidia, Sam Bankman-Fried’s MIT buddy and former FTX developer, resumed his immunity-protected testimony on Oct. 5, sharing first-hand accounts of his tenure at the crypto exchange where he lived in a $35 million condo allegedly purchased with commingled customer cash. Department of Justice (DoJ) prosecutors filed a forfeiture notice for two FTX-owned private planes on day 2 of Sam Bankman-Fried’s trial. The DoJ plans to clawback a Bombardier Global 5000 and an Embraer Legacy EMB private jet, per InnerCityPress. US v. SBF WITNESSES 1& 2: In Bankman-Fried Trial, Adam Yedidia Testifies With Immunity About Condo in Bahamas After French DOGE-Trading Victim- story: https://t.co/sSJOUfHO7I – and now, a forfeiture notice for Bombardier Global 5000 & Embraer Legacy EMB Aircraft pic.twitter.com/p6mmcRFXib — Inner City Press (@innercitypress) October 5, 2023 Day 3 of United States v Sam Bankman-Fried (SBF) continued with witness testimony from Adam Yedidia, a frien...

The proposal drew mixed reactions from the community where some criticized the strategy for buying more CRV even as others are looking to shed exposure. Amid growing uncertainty around Curve exposure for many decentralized finance protocols, Aave Chan founder Marc Zeller has proposed that Aave Treasury buy $2 million worth of CRV tokens in USDT from Curve Founder Michael Egorov. The proposal noted that the $2 million worth of Curve DAO Tokens (CRV) acquisition would send a strong signal of DeFi supporting DeFi while allowing the Aave DAO to strategically position itself in the Curve wars and help Aave’s decentralized multi-collateral stablecoin GHO’s liquidity. At the current price, $2 million worth of USDT would net 5 million CRV tokens and Zeller suggested these newly bought curve tokens could be locked as veCRV for four years. These tokens could then be used for voting rights on the Curve platform where Curve users would be able to use it to provide liquidity for token pairs that...

Join Our Telegram channel to stay up to date on breaking news coverage The founder of FTX, Sam Bankman-Fried, has pled not guilty to all the charges facing him because of the collapse of his crypto empire FTX. The US District Judge Lewis Kaplan has also set a tentative date for trial to commence in early October. SBF pleads not guilty SBF was arraigned at the Manhattan courthouse on January 3. He is being accused of multiple counts of fraud and campaign finance violations. At the opening of the hearing, SBF”s lawyer said that his client would be taking the “not guilty ” plea. The plea was expected, according to an earlier report by Reuters. SBF appeared in a US court on Tuesday for the second time. He first appeared in court late last month when he was granted a $250 million bail bond. The bond spared SBF from spending time in prison as the trial continued. He was placed under house arrest at his parents’ home in California. In the January 3 hearing...

Join Our Telegram channel to stay up to date on breaking news coverage According to two people with knowledge of the situation, federal prosecutors are looking into whether Sam Bankman-Fried, the founder of FTX, manipulated the market for two cryptocurrencies this past spring, causing their demise and setting off a chain reaction that ultimately led to the collapse of his own cryptocurrency exchange last month. The possibility that Bankman-Fried manipulated the prices of two interconnected currencies, TerraUSD and Luna, to benefit the entities he controlled, such as FTX and Alameda Research, a hedge fund he co-founded and owned, is being looked into by US prosecutors in Manhattan, the people said. The investigation is still in its early stages, so it’s unclear if prosecutors have found evidence of Bankman-Fried’s wrongdoing or when they first started looking into the TerraUSD and Luna trades. The case is a component of a larger investigation into the fall of Bank...