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☆ What is Binance, why is it in so much trouble, and what does it mean for crypto?
▼ + stars: | 2023-11-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Not only is Binance the world’s biggest crypto exchange, it is orders of magnitude larger than its rivals. Up until recently, Binance boasted nearly 60% of the market share for crypto spot trading. The Seychelles-based OKX is second in market share at 5.44% and the US exchange Coinbase is third at 5.37%, according to crypto news site CoinDesk. Today, Binance takes responsibility for this past chapter.”It’s a common refrain among crypto firms who find themselves under scrutiny. “What this plea deal does is give Binance as a chance to live another day,” Yadav said.

Persons: Changpeng Zhao —, Binance, Zhao, “, ” Zhao, FTX, “ Binance, ”, Robert Le, Yesha Yadav, ” Yadav Organizations: New, New York CNN, Justice Department, Binance Holdings, Bloomberg, Getty, CZ, PitchBook, Investors, Vanderbilt University, Binance Locations: New York, Binance, Seychelles

☆ US seeks more than $4 billion from Binance to end criminal case -Bloomberg News
▼ + stars: | 2023-11-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said. The Bloomberg report said an announcement on the resolution could come as soon as the end of this month. A spokesperson for the Justice Department declined to comment. The DOJ probe is one of a string of legal and regulatory headaches the world's biggest crypto exchange faces in the United States.

Persons: Dado Ruvic, Changpeng Zhao, Sam Bankman, Binance, Zhao, Niket, Tom Wilson, Chris Prentice, Arun Koyyur, Maju Samuel, Bill Berkrot Organizations: REUTERS, U.S . Justice Department, Binance Holdings, Bloomberg, Justice Department, Binance, Reuters, DOJ, Securities and Exchange Commission, SEC, Futures Trading Commission, Thomson Locations: United States, Bengaluru, London, New York

☆ Trump’s Gag Order Should Stand, Appeals Panel Signals
▼ + stars: | 2023-11-20 | by ( C. Ryan Barber | Sadie Gurman | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoWASHINGTON—A federal appeals court signaled Monday that it would affirm but potentially narrow a gag order imposed on former President Donald Trump in the criminal case alleging he conspired to overturn his 2020 election loss. During a more than two-hour hearing in Washington, a three-judge panel expressed skepticism toward the argument from Trump’s lawyer that the gag order infringed on the former president’s First Amendment rights and “core political speech.”

Persons: Donald Trump, Annie Zhao WASHINGTON —, ” Locations: Washington

☆ Heart emojis, confusion, and a wave of support for Sam Altman. Here's what OpenAI employees are saying about Altman's shock ousting.
▼ + stars: | 2023-11-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

OpenAI employees are having a tough time after Sam Altman was suddenly ousted from the company. Here's what OpenAI employees are saying about the chaotic transition. Since Friday the company has cycled through three CEOs: cofounder Sam Altman, former CTO Mira Murati, and current CEO Emmett Shear, who cofounded Twitch. AdvertisementMore OpenAI staffers have threatened to join them unless Altman is reinstated and the board resigns. Throughout the night on Sunday, more OpenAI staffers spoke out, sharing the repeated message: "OpenAI is nothing without its people."

Persons: Sam Altman, Altman, —, Mira Murati, Emmett Shear, Greg Brockman, Aleksander Madry, Employees haven't, cofounders Brockman, Will Depue, Sam, Greg, Ilya Sutskever, Shengjia Zhao, Ilya, Jan Leike, Andrej Karpathy Organizations: Service, Microsoft, Employees, Business, Sutskever, OpenAI

☆ Hyundai to Be First Automaker to Sell New Cars on Amazon
▼ + stars: | 2023-11-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touch screens. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalHyundai customers who want to skip going to a dealership will have a new option next year: shopping on Amazon.com . The South Korean automaker announced the move Thursday with Amazon at the Los Angeles Auto Show. Starting in 2024, U.S. auto dealers will be able to sell new vehicles on the tech company’s platform, making Hyundai the first automotive brand to offer such an option for customers.

Persons: Joanna Stern, Annie Zhao Organizations: Street, South Korean, Amazon, Los Angeles Auto, Hyundai

☆ New Delhi air pollution: Why can’t India’s capital clean up its toxic air like Beijing?
▼ + stars: | 2023-11-16 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

“It’s an invisible killer,” said Jyoti Pande Lavakare, author of “Breathing Here is Injurious to Your Health: The Human Cost of Air Pollution” and co-founder of clean air non-profit Care for Air. China’s capital has since cleaned up its act, which begs the question: if Beijing can clean up its toxic air, why can’t India too? A key moment in China’s fightback came in 2013, when the government started to invest billions of dollars into a national air pollution action plan. Hundreds of thousands of lives savedChina’s raft of clean air policies have been so successful, they have saved hundreds of thousands of lives, research has shown. They say Kejriwal’s team has done little in terms of implementing effective policies to clean New Delhi’s air.

Persons: “, ”, Jyoti Pande Lavakare, Arun Sankar, China’s, –, Wang Zhao, China’s fightback, Frank Christian Hammes, IQAir, Sunil Dahiya, Dahiya, Stringer, Arvind Kejriwal, Kejriwal, Virendra Sachdeva, Sanjay Kishan Kaul, Sudhanshu Dhulia, Raj K Raj, “ You’re Organizations: CNN, Health, Pollution, Air, Getty, United, Global, Energy, Institute, University of Chicago, Centre for Research, Clean, Bloomberg, Beijing, Care for Air, Aam Aadmi Party, Bharatiya Janata Party, AAP, Ministry of Environment, Hindustan Times Locations: Delhi, Beijing, India, ”, AFP, United States, China, Swiss, New Delhi, Haryana, Punjab, Uttar Pradesh, New, Indonesia, Malaysia, Care, CREA, IQAir

☆ How Bad Are Public EV Chargers? I Visited Over 120 to Find Out.
▼ + stars: | 2023-11-15 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

How Bad Are Public EV Chargers? I Visited Over 120 to Find Out. Los Angeles County has more public electric-vehicle fast chargers than any other in the country. WSJ’s Joanna Stern hit up 30 charging locations in a Rivian R1T and ran into problems at 40% of them. Here’s what’s being done to fix the charging mess.

Persons: WSJ’s Joanna Stern, Here’s, Annie Zhao Organizations: Public EV Chargers Locations: Los Angeles

☆ Maryland has the lowest unemployment rate in American history, at just 1.6%
▼ + stars: | 2023-11-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows. That’s the lowest seasonally adjusted unemployment rate of any state on records going back to 1976, according to a CNN analysis. However, Maryland’s job market is still robust, with government and health care employers adding jobs at a brisk pace. Here’s a dive into the labor market of the state with the lowest unemployment rate in American history:Where the jobs areThe biggest industries in Maryland are government, health care, education and professional services. Fort Meade, a military base, is the largest employer in the state, according to Moody’s Analytics.

Persons: ” Christina DePasquale, Johns, Colin Seitz, “, ” Seitz, There’s, ”, Mary Kane, what’s, Kane, ” Daniel Zhao, ” Zhao Organizations: DC CNN, — Labor Department, CNN, Baltimore, Fort Meade, University, of Maryland, Johns Hopkins University, Labor Department . State, Health, Johns Hopkins Carey Business School, Moody’s, Maryland, Bureau of Labor Statistics, Maryland Hospital Association, Labor, Maryland Chamber of Commerce, “, Maryland Department of Labor, DC Locations: Washington, Atlantic, California, Lexington, Maryland, Fort, Florida, Texas, Virginia

☆ Trump, Prosecutors Clash Over Televising Election-Interference Trial
▼ + stars: | 2023-11-14 | by ( Jan Wolfe | C. Ryan Barber | ) www.wsj.com time to read: 1 min

Former president Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoWASHINGTON—Former President Donald Trump has breathed new life into a push by media companies to televise his federal trial on election-subversion charges, but the odds of cameras being in the courtroom remain slim. On Friday, Trump’s lawyers urged U.S. District Judge Tanya Chutkan to allow broadcasting of the trial, scheduled to begin in March, saying that the “prosecution wishes to continue this travesty in darkness” and that “President Trump calls for sunlight.”

Persons: Donald Trump, Annie Zhao WASHINGTON —, Trump’s, Tanya Chutkan, Trump Organizations: U.S, “

☆ Xi-Biden summit: What’s on the agenda for China’s leader as he heads to California?
▼ + stars: | 2023-11-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Biden, meanwhile, finds himself strapped with international challenges from the war in Ukraine to the latest conflict in Gaza. Chinese leader Xi Jinping, left, and US President Joe Biden. Getty ImagesXi’s agendaDespite the challenges he faces at home, the insulated Chinese leader may see himself in a stronger position relative to Biden. Xi will ask Biden to clarify and define the scope of the US approach on tech restrictions, analysts say. Liu Ranyang/China News Service/VCG/Getty Images‘Positive signals’The lead-up to Xi’s American visit has been marked with signals that China is hoping to smooth prickly relations.

Persons: — Xi Jinping, Joe Biden —, Xi, Biden, he’d, ”, Yun Sun, Xi Jinping, Joe Biden, …, Suisheng Zhao, Stimson, Sun, Harry Moyer, Liu Ranyang, Zhong Sheng, wisecracks, Nancy Pelosi’s, Beijing’s, Shi Yinhong, Shi Organizations: CNN, Asia Pacific Economic Cooperation, “, China Program, Stimson, Getty, Biden, Center for, Cooperation, University of Denver, Communist Party, US, Taiwan’s Democracy Progressive Party, US Flying Tigers, Kunming Foreign Language School, China News Service, “ Flying Tigers, China’s Renmin University, Republicans Locations: China, Hong Kong, San Fransisco, Bali , Indonesia, Ukraine, Gaza, Washington, Beijing, Center for China, Taiwan, California, Kunming, China's Yunnan, United States, Russia, Iran

Peng Zhao, CEO, Citadel Securities speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making. "We are pleased to see the introduction of the market-making program in China," Zhao told Reuters in an interview in Hong Kong. Citadel Securities in July appointed Tony Tang, the former head of BlackRock's China business, to helm its China operations. This year, Citadel Securities also launched an investment-grade corporate bond market-making business in the United States.

Persons: Peng Zhao, Mike Blake, Zhao, Ken, Tony Tang, Summer Zhen, Selena Li, Sumeet Chatterjee, Edwina Gibbs Organizations: Citadel Securities, Milken, Global Conference, REUTERS, Reuters, Beijing Stock Exchange, Nasdaq, China's Stock, Treasuries, Asia, Thomson Locations: Beverly Hills , California, U.S, HONG KONG, China, interbank, Hong Kong, United States, Beijing, Asia

☆ Detained, missing or under investigation: Business leaders in China face an ‘aggressive’ crackdown
▼ + stars: | 2023-11-10 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —Business leaders in China are under immense pressure, as the country’s leader Xi Jinping intensifies a regulatory crackdown on companies and strengthens its control of the economy. They face rising risks, including the possibility of police raids and detentions of staff, in the world’s second largest economy. A former banker, he has invested in a series of Chinese companies since 2000 and brought their shares to the public markets in mainland China and Hong Kong. No end in sightThe crackdown this year has spooked the business community in China, but it is not unfamiliar. Xi launched a sweeping regulatory crackdown on the private sector in 2020, which wiped trillions of dollars off the market value of Chinese companies worldwide.

Persons: Xi Jinping, ”, Doug Guthrie, ” Guthrie, Tencent, Chen, Zhao Bingxian, “ China’s Warren Buffett, Zhao, Guthrie, “, Zhou Zheng, Zhou, watchdogs, Zhang Hongli, Bao Fan, Bao, Xi, Kevin Frayer, Mauro Guillen, ” Guillen Organizations: Hong Kong CNN — Business, China Initiatives, Arizona State University’s Thunderbird School of Global Management, CNN, Cyberspace Administration of China, Wohua Pharmaceutical, Central Commission, National Supervisory Commission, COFCO, Industrial, Commercial Bank of, Wharton School, University of Pennsylvania Locations: China, Hong Kong, Communist, Beijing, Arizona, Shenzhen, “ Beijing, DouYu, Shandong, Commercial Bank of China

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

☆ Global asset managers talk up China as long-term bet
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHONG KONG, Nov 8 (Reuters) - Top executives at global asset managers on Wednesday talked up China at an event in Hong Kong on Wednesday, championing long-term investment opportunities in an economy battling to break free of pandemic disruption. "Long term, (China) has to be part of a global investment portfolio." Citadel Securities CEO Peng Zhao called China a driver of growth and innovation and said it was "baffling" to think otherwise. He also said Citadel doubled its Hong Kong headcount in the face of pandemic-induced challenges, leveraging the talent the city hosts and its connectivity to other markets. Quinn told the Hong Kong event on Tuesday that wealth flow from mainland China to Hong Kong has grown 3 to 4 times this year.

Persons: Dado Ruvic, Mark Wiedman, Wiedman, Mike Gitlin, Lei Zhang, Anne Richards, Invesco, Andrew Schlossberg, Peng Zhao, Zhang Yichen, Noel Quinn, Quinn, Kane Wu, Xie Yu, Sumeet Chatterjee, Christopher Cushing Organizations: REUTERS, West, Global Financial, Investment Summit, European Chamber of Commerce, Capital, Fidelity International, Citadel Securities, Citadel, Trustar, HSBC Group, Thomson Locations: HONG KONG, China, Hong Kong, West, Singapore

☆ EV Makers Turn to Discounts to Combat Waning Demand
▼ + stars: | 2023-11-07 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touchscreens. EVs have become computers on wheels. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalBuyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory.

Persons: Joanna Stern, Annie Zhao Organizations: Street

☆ Trump Takes Witness Stand in New York Civil-Fraud Trial
▼ + stars: | 2023-11-06 | by ( Corinne Ramey | Jacob Gershman | ) www.wsj.com time to read: +1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoDonald Trump testified Monday in the $250 million civil-fraud trial that could determine the future of his business empire, saying the financial statements at the heart of the case were unimportant while also protesting the proceedings as unfair. Trump, wearing a navy suit, blue tie and an American flag pin, took the witness stand under oath in a Manhattan courtroom to face questioning from the New York attorney general’s office, which alleges he and his business engaged in a lengthy scheme to inflate the value of their assets for financial gain. The former president alternated between calmly responding to questions about his finances and drawing the repeated ire of the presiding judge, who reminded him the proceeding “is not a political rally.”

Persons: Donald Trump, Annie Zhao Donald Trump, Trump, ” Organizations: New Locations: American, Manhattan, New York

☆ Foreign Firms Pull Billions in Earnings Out of China
▼ + stars: | 2023-11-06 | by ( Jason Douglas | Weilun Soon | ) www.wsj.com time to read: 1 min

Beijing’s chilly relations with the West have pushed global companies to rethink their exposure to China. Photo: wang zhao/Agence France-Presse/Getty ImagesSINGAPORE—For years, foreign companies plowed the profits they made in China back into China, using the cash to finance new hiring and investment as its giant economy expanded rapidly. Now, as growth slows and tensions between Beijing and Washington rise, they are pulling those profits out.

Persons: wang zhao Organizations: Agence France, Getty Locations: China, SINGAPORE, Beijing, Washington

☆ A timeline of Sam Bankman-Fried trial: Key moments leading up to FTX founder's conviction
▼ + stars: | 2023-11-03 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Fried, Amr Alfiky, Gary Wang, Larry David, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York City, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California, New York

As token prices plummeted last year, the sector saw other stunning meltdowns that put several industry moguls into authorities' crosshairs. Changpeng "CZ" ZhaoThe U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Zhao in June for allegedly operating "a web of deception." Kwon faces multiple charges of fraud in the U.S. and was arrested in Montenegro earlier this year for allegedly forging documents, authorities said. He has pleaded not guilty to U.S. fraud charges that he misled customers and artificially inflated the value of his company's proprietary crypto token. Barry SilbertSilbert is the boss of crypto group Digital Currency Group whose subsidiary Genesis Global Capital filed for bankruptcy in January.

Persons: Zhao Changpeng, Binance, Costas Baltas, Sam Bankman, Fried, he's, Zhao, Kwon, Luna, Terraform, Alex Mashinsky, Mashinsky, Barry Silbert Silbert, Letitia James, Silbert, Stephen Ehrlich Stephen Ehrlich's, Ehrlich, Justin Sun, Sun, Niket Nishant, Hannah Lang, Michelle Price, Anil D'Silva Organizations: REUTERS, Rights, Zhao, U.S . Securities, Exchange Commission, SEC, U.S . Commodity Futures Trading Commission, Korean, Terraform Labs, Montenegrin, Mashinsky, CFTC, U.S . Federal Trade Commission, Digital Currency Group, Genesis Global Capital, New York, FTC, Tron Foundation, Thomson Locations: Athens, Greece, China, Canada, U.S, Montenegro, New York

☆ Jury in Sam Bankman-Fried Trial Begins Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors began deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. “Now it’s your job to decide who you believe,” U.S. District Judge Lewis Kaplan told jurors before they started.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

☆ Jury in Sam Bankman-Fried Trial Expected to Begin Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors are expected to begin deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. The deliberations cap a nearly monthlong trial in which jurors heard testimony from more than 20 witnesses, including Bankman-Fried. On Thursday morning, a prosecutor delivered a rebuttal to the closing arguments made by Bankman-Fried’s defense team.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ Judge Set to Hear Trump’s Request to Postpone Classified-Documents Trial
▼ + stars: | 2023-11-01 | by ( Aruna Viswanatha | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoFormer President Donald Trump has faced setback after setback in the criminal and civil trials he is facing. A federal judge in Florida is scheduled to consider Trump’s request to push back the trial in the criminal case accusing the former president of improperly hanging on to classified documents after he left office. She has signaled she is open to the request, as she put the current pretrial schedule on hold pending the Wednesday hearing.

Persons: Donald Trump, Annie Zhao Locations: Florida

☆ Trump Disqualification Challenges Face Tests in Two States
▼ + stars: | 2023-11-01 | by ( Mariah Timms | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoA pair of cases unfolding this week will provide an early test of novel legal arguments that Donald Trump should be disqualified from the 2024 presidential race because of his actions surrounding the Jan. 6, 2021 riot at the Capitol. Courts in Colorado and Minnesota are considering claims that a little-invoked constitutional provision prevents Trump from holding office again. Section 3 of the 14th Amendment, enacted after the Civil War, disqualifies from public office those who swore to defend the Constitution and then “engaged in insurrection or rebellion” against the U.S.

Persons: Donald Trump, Annie Zhao, “ Organizations: Capitol, Trump, U.S Locations: Colorado, Minnesota

☆ Prosecutors, Defense Paint Conflicting Pictures of Sam Bankman-Fried
▼ + stars: | 2023-11-01 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoProsecutors and defense attorneys clashed Wednesday over whether FTX founder Sam Bankman-Fried was a liar who stole billions of dollars—or an unconventional executive who made mistakes. During his closing argument, Assistant U.S. Attorney Nicolas Roos told jurors that almost a year ago, when thousands of people were trying to withdraw their money from the collapsing crypto exchange, their dread turned to despair.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao Prosecutors, Fried, Nicolas Roos Organizations: U.S

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