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Alameda Research's former CEO Caroline Ellison is said to have confirmed knowledge of the use of customer funds.
Oluwapelumi Adejumo 2 min read 
High-flying crypto executive's expensive toys on the line in legal proceeding.
The transactions occurred with a gap of roughly eight hours, with the tokens converted to BTC through THORChain Router — a bridge protocol to Bitcoin.
With jury selection complete, the second day of SBF's trial encompassed both sides' opening statements and testimony from two witnesses.
Anthropic, in which FTX and Alameda Research invested a combined $500M, could see a $30 billion valuation if it secures new investments from Google.
The U.S. crypto regulatory landscape remains unclear as the authorities are yet to formulate laws catering to the industry.
The first day of the SBF trial concluded with several potential jury members being dismissed and the selection process is expected to continue for another day before the trial begins in full.
Unlike some of his associates, who have pled guilty in exchange for leniency, Bankman-Fried received no such offers.
Sam Bankman-Fried's trial will begin today, Oct. 3, with jury selections.
