The FTX Files
Caroline Ellison: A woman with agency or a helpless pawn?
Why did the former Alameda Research CEO receive only two years imprisonment for her role in the FTX collapse?
The FTX Files
Newsletter
25 years for Sam Bankman-Fried
"The judgment has to adequately reflect the seriousness of the crime, and this was a very serious crime."
Newsletter
Sam Bankman-Fried wants only six years for his "victimless" crime
Sam Bankman-Fried maintains that his crimes were victimless and resulted in zero losses, and therefore warrant only six years of imprisonment. Prosecutors argue that 40–50 years are justified.
Newsletter
The stones left unturned in the Sam Bankman-Fried trial
From billions of mysterious Tethers to the apparent identity theft of Thai sex workers, many questions remain about what happened at Bankman-Fried's crypto empire.
Newsletter
Sam Bankman-Fried: guilty on all charges
Jurors spent less than five hours deliberating before returning the verdict.
Newsletter
The FTX trial, days 15–16: Sam Bankman-Fried doesn't recall
Bankman-Fried comes off as sullen and cagey in his cross-examination in front of the jury.
Newsletter
The FTX trial, day fourteen: Same events, new stories
Taking the stand before the jury for the first time, Sam Bankman-Fried recounts familiar events we've heard described by previous witnesses, but gives a very different version of those stories.
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The FTX trial, day thirteen: Sam Bankman-Fried gets a dress rehearsal
After a few other brief witnesses, it was time for the main event — or, at least, a preview of it.
Newsletter
Video report: Sam Bankman-Fried began his testimony
If you're dying to hear about today's events at the FTX trial, here's a livestream to hold you over until I can write!
Newsletter
Sam Bankman-Fried will testify, and I'll be there
I'm taking this show on the road to hear Sam Bankman-Fried testify in person.
Newsletter
The FTX trial, day twelve: What's up with Sam Bankman-Fried's defense?
Is the defense team doing as poorly as it looks, or do they have a trick up their sleeves?
Newsletter
The FTX trial, day eleven: Off the record
Sam Bankman-Fried's direct messages to a journalist about "unethical shit" were admitted as evidence, much to the dismay of his legal team.
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The FTX trial, day ten: Heinously criminal
The defense team finally scores a few points, and cell phone records reveal Bankman-Fried's extensive influence tour in Manhattan.
Newsletter
The FTX trial, day nine: Nishad Singh: "I have always been intimidated by Sam"
Singh testified that Bankman-Fried pressured him into trying to dig FTX out of a hole he didn't even know about until the very end.
Newsletter
The FTX trial, day eight: Defrauding lenders
BlockFi CEO testifies that the company wouldn't have loaned to Alameda Research if they had any idea what was really going on
Newsletter
The FTX trial, day seven: Sam, I guess
Recordings of the now infamous all-hands meeting capture Caroline Ellison admitting to conspiring with Sam Bankman-Fried to misappropriate FTX customer funds.