On the first day of trial, Sam Bankman-Fried debuts a new haircut and the judge begins the process of selecting a jury. WSJ’s Caitlin Ostroff delves into the judge who will preside over this historic trial, and the jury who will determine Bankman Fried’s fate. Further Reading: - Sam Bankman-Fried’s Courtroom Look Spells a Personal Vibe Shift - Crypto Could Be a Mystery to Jurors in Bankman-Fried Case Further Listening: - The Trial of Crypto’s Golden Boy
In 2022, crypto markets were in turmoil, but Sam Bankman-Fried s empire seemed to weather it all. That is until one week in November, when he went from crypto s savior to its biggest villain. WSJ’s Caitlin Ostroff tracks the unprecedented collapse of Bankman Fried’s empire, and the big secret that would prove to be its downfall.
Before his downfall, Sam Bankman-Fried drew comparisons to Warren Buffett, J.P. Morgan and other titans of finance. As his trial approaches, WSJ’s Caitlin Ostroff charts the meteoric rise of crypto’s golden boy, exploring how he sold customers and powerful people on his ideas, while hiding secrets under the hood of his flashy crypto empire.
A.M. Edition for Aug. 28. Beijing cuts taxes on stock trading and took steps to limit new IPOs today in an attempt to reverse this year’s market slide. WSJ reporter Rebecca Feng explains why a broader economic turnaround will require further effort. Plus, Yuka Hayashi breaks down h ow Treasury Secretary Gina Raimondo hopes a trip to China can pull it and the U.S. out of a diplomatic tail spin. And 3M nears a settlement in the largest tort case in US history. Luke Vargas hosts.
Two months after leading a failed uprising in Russia, Wagner paramilitary group leader Yevgeny Prigozhin is dead. A plane that Prigozhin was traveling in crashed outside Moscow on Wednesday. The cause of the crash is still unknown. WSJ’s Yaroslav Trofimov reports on the demise of the mercenary boss who challenged Russian President Vladimir Putin. Further Reading: - Wagner Chief Yevgeny Prigozhin, Who Clashed With Russian Military, Dies - The Last Days of Wagner’s Prigozhin Further Listening: - The Mutiny That Shook Putin’s Grip on Power - ‘Putin’s Chef’ New Serving Up Gains for Russia in Ukraine