{"id":555388,"date":"2023-10-14T02:00:28","date_gmt":"2023-10-14T02:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=555388"},"modified":"2023-10-13T19:49:25","modified_gmt":"2023-10-13T19:49:25","slug":"blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/","title":{"rendered":"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial"},"content":{"rendered":"

The trial against FTX co-founder <\/span>Sam Bankman-Fried<\/span><\/a> took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom.\u00a0<\/span><\/p>\n

Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and <\/span>Alameda Research<\/span><\/a>.<\/span><\/p>\n

BlockFi’s Bankruptcy Rooted In Alameda And FTX<\/span><\/h2>\n

According to a Bloomberg <\/span>report<\/span><\/a>, Prince revealed that BlockFi had substantial exposure to Alameda and FTX, estimated at around $1 billion, at the time of BlockFi’s failure in November 2022.\u00a0<\/span><\/p>\n

Prince asserted that if the loans to Alameda were still in good standing and the funds on FTX were available, BlockFi would not have filed for bankruptcy. This statement suggests that BlockFi’s financial troubles were closely tied to the collapse of Alameda and FTX.<\/span><\/p>\n

Related Reading: Have Traders Moved Past Dogecoin? Transactions Plunge 98% Since June<\/a><\/div>\n

Prince’s testimony diverged significantly from <\/span>Caroline Ellison<\/span><\/a>, the government’s star witness, who portrayed Bankman-Fried as the mastermind behind a fraudulent scheme using FTX customer funds for speculative trading at Alameda.\u00a0<\/span><\/p>\n

Prince’s account positioned <\/span>BlockFi <\/span><\/a>as a victim of Bankman-Fried’s alleged schemes, claiming that BlockFi made loans to Alameda based on misleading balance sheets.\u00a0<\/span><\/p>\n

Defense lawyers sought to emphasize that BlockFi willingly provided the loans to Alameda, with knowledge of the associated risks.<\/span><\/p>\n

Creditors Accuse BlockFi Of Inadequate Due Diligence<\/span><\/h2>\n

Prince discussed BlockFi’s due diligence process regarding Alameda’s collateral, comprised of tokens affiliated with FTX. The judge requested plainer terms during Prince’s explanation, prompting an analogy using car loans.\u00a0<\/span><\/p>\n

Per the report, the prosecution questioned the adequacy of BlockFi’s due diligence, as <\/span>creditors accused<\/span><\/a> the company of failing to recognize warning signs before offering substantial loans to Alameda.<\/span><\/p>\n

Prince’s testimony highlighted that providing “unaudited balance sheets” is an industry norm for borrowers seeking loans. The defense sought to establish that BlockFi knew the risks of lending to Alameda and acted within industry norms.<\/span><\/p>\n

Zac Prince’s testimony in the trial against Sam Bankman-Fried provided a deeper understanding of the intertwined relationships within the crypto industry. BlockFi’s exposure to Alameda and FTX and its subsequent bankruptcy offered insights into the potential repercussions of alleged fraudulent activities.\u00a0<\/span><\/p>\n

Related Reading: Man Makes A Fortune With $22 In Bitcoin: 3 Altcoins For October 2023 That Can Do This<\/a><\/div>\n

The differing narratives presented by the prosecution and defense underscore the complexities of the case. As the trial unfolds, the court will continue to examine the details surrounding BlockFi’s lending practices and the extent of Bankman-Fried’s involvement in the alleged schemes.<\/span><\/p>\n

It is important to note that BlockFi can no longer be utilized for crypto-related activities, as the company declared bankruptcy and suspended withdrawals in November 2022. The bankruptcy filing indicates that BlockFi owes between $1 billion and $10 billion to over 100,000 creditors.<\/span><\/p>\n

\"FTX\"
FTX’s native token FTT downtrend on the daily chart. Source: FTTUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from NBC, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom.\u00a0 Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. BlockFi’s Bankruptcy Rooted In Alameda And FTX According to a Bloomberg report, Prince revealed that BlockFi had substantial exposure to Alameda and FTX, estimated at around $1 billion, at the time of BlockFi’s failure in November 2022.\u00a0 Prince asserted that if the loans to Alameda were still in good standing and the funds on FTX were available, BlockFi would not have filed for bankruptcy. This statement suggests that BlockFi’s financial troubles were closely tied to the collapse of Alameda and FTX. Related Reading: Have Traders Moved Past Dogecoin? Transactions Plunge 98% Since June Prince’s testimony diverged significantly from Caroline Ellison, the government’s star witness, who portrayed Bankman-Fried as the mastermind behind a fraudulent scheme using FTX customer funds for speculative trading at Alameda.\u00a0 Prince’s account positioned BlockFi as a victim of Bankman-Fried’s alleged schemes, claiming that BlockFi made loans to Alameda based on misleading balance sheets.\u00a0 Defense lawyers sought to emphasize that BlockFi willingly provided the loans to Alameda, with knowledge of the associated risks. Creditors Accuse BlockFi Of Inadequate Due Diligence Prince discussed BlockFi’s due diligence process regarding Alameda’s collateral, comprised of tokens affiliated with FTX. The judge requested plainer terms during Prince’s explanation, prompting an analogy using car loans.\u00a0 Per the report, the prosecution questioned the adequacy of BlockFi’s due diligence, as creditors accused the company of failing to recognize warning signs before offering substantial loans to Alameda. Prince’s testimony highlighted that providing “unaudited balance sheets” is an industry norm for borrowers seeking loans. The defense sought to establish that BlockFi knew the risks of lending to Alameda and acted within industry norms. Zac Prince’s testimony in the trial against Sam Bankman-Fried provided a deeper understanding of the intertwined relationships within the crypto industry. BlockFi’s exposure to Alameda and FTX and its subsequent bankruptcy offered insights into the potential repercussions of alleged fraudulent activities.\u00a0 Related Reading: Man Makes A Fortune With $22 In Bitcoin: 3 Altcoins For October 2023 That Can Do This The differing narratives presented by the prosecution and defense underscore the complexities of the case. As the trial unfolds, the court will continue to examine the details surrounding BlockFi’s lending practices and the extent of Bankman-Fried’s involvement in the alleged schemes. It is important to note that BlockFi can no longer be utilized for crypto-related activities, as the company declared bankruptcy and suspended withdrawals in November 2022. The bankruptcy filing indicates that BlockFi owes between $1 billion and $10 billion to over 100,000 creditors. Featured image from NBC, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":555389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87361],"tags":[84030,28199,6664,1558,71704,89123,87363,87578,89271,88735,89272,89526,89273,89285],"class_list":["post-555388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ftx-ftt-bankman","tag-alameda-research","tag-blockfi","tag-crypto","tag-cryptocurrency","tag-ftx","tag-ftx-bankruptcy","tag-ftx-collapse","tag-ftx-crypto-exchange","tag-ftx-founder","tag-ftx-lawsuit","tag-ftx-news","tag-ftx-sam-bankman-fried","tag-sam-bankman-fried-news","tag-sam-bankman-fried-trial"],"acf":[],"yoast_head":"\nBlockFi CEO's Key Testimony: Insights Into Alameda's Financial Stability In FTX Trial<\/title>\n<meta name=\"description\" content=\"The trial against FTX founder Sam Bankman-Fried took a turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlockFi CEO's Key Testimony: Insights Into Alameda's Financial Stability In FTX Trial\" \/>\n<meta property=\"og:description\" content=\"The trial against FTX founder Sam Bankman-Fried took a turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-14T02:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-13T19:49:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial\",\"datePublished\":\"2023-10-14T02:00:28+00:00\",\"dateModified\":\"2023-10-13T19:49:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080\",\"keywords\":[\"Alameda Research\",\"BlockFi\",\"crypto\",\"cryptocurrency\",\"FTX\",\"FTX bankruptcy\",\"FTX collapse\",\"FTX crypto exchange\",\"FTX founder\",\"FTX lawsuit\",\"FTX news\",\"FTX Sam Bankman-Fried\",\"Sam Bankman-Fried news\",\"Sam Bankman-Fried trial\"],\"articleSection\":[\"FTX, FTT and Sam Bankman Fried\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\",\"url\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\",\"name\":\"BlockFi CEO's Key Testimony: Insights Into Alameda's Financial Stability In FTX Trial\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080\",\"datePublished\":\"2023-10-14T02:00:28+00:00\",\"dateModified\":\"2023-10-13T19:49:25+00:00\",\"description\":\"The trial against FTX founder Sam Bankman-Fried took a turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080\",\"width\":1920,\"height\":1080,\"caption\":\"FTX\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"BlockFi CEO's Key Testimony: Insights Into Alameda's Financial Stability In FTX Trial","description":"The trial against FTX founder Sam Bankman-Fried took a turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/","og_locale":"en_US","og_type":"article","og_title":"BlockFi CEO's Key Testimony: Insights Into Alameda's Financial Stability In FTX Trial","og_description":"The trial against FTX founder Sam Bankman-Fried took a turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony.","og_url":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-10-14T02:00:28+00:00","article_modified_time":"2023-10-13T19:49:25+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial","datePublished":"2023-10-14T02:00:28+00:00","dateModified":"2023-10-13T19:49:25+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/"},"wordCount":502,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080","keywords":["Alameda Research","BlockFi","crypto","cryptocurrency","FTX","FTX bankruptcy","FTX collapse","FTX crypto exchange","FTX founder","FTX lawsuit","FTX news","FTX Sam Bankman-Fried","Sam Bankman-Fried news","Sam Bankman-Fried trial"],"articleSection":["FTX, FTT and Sam Bankman Fried"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/","url":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/","name":"BlockFi CEO's Key Testimony: Insights Into Alameda's Financial Stability In FTX Trial","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080","datePublished":"2023-10-14T02:00:28+00:00","dateModified":"2023-10-13T19:49:25+00:00","description":"The trial against FTX founder Sam Bankman-Fried took a turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080","width":1920,"height":1080,"caption":"FTX"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial","url":"http:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ftx-ftt-bankman\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080"},"articleSection":"FTX, FTT and Sam Bankman Fried","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["alameda research","blockfi","crypto","cryptocurrency","ftx","ftx bankruptcy","ftx collapse","ftx crypto exchange","ftx founder","ftx lawsuit","ftx news","ftx sam bankman-fried","sam bankman-fried news","sam bankman-fried trial"],"dateCreated":"2023-10-14T02:00:28Z","datePublished":"2023-10-14T02:00:28Z","dateModified":"2023-10-14T02:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ftx-ftt-bankman\\\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ftx-ftt-bankman\\\/blockfi-ceos-key-testimony-insights-into-alamedas-financial-stability-in-ftx-trial\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080\"},\"articleSection\":\"FTX, FTT and Sam Bankman Fried\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"alameda research\",\"blockfi\",\"crypto\",\"cryptocurrency\",\"ftx\",\"ftx bankruptcy\",\"ftx collapse\",\"ftx crypto exchange\",\"ftx founder\",\"ftx lawsuit\",\"ftx news\",\"ftx sam bankman-fried\",\"sam bankman-fried news\",\"sam bankman-fried trial\"],\"dateCreated\":\"2023-10-14T02:00:28Z\",\"datePublished\":\"2023-10-14T02:00:28Z\",\"dateModified\":\"2023-10-14T02:00:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/69_nn_kro_sam_bankman_fried_trial_underway_231004_1920x1080-s9ivvd.jpg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555388"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=555388"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/555389"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=555388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=555388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=555388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}