Sam Bankman-Fried is going on trial on fraud charges in New York starting October 3. This comes nearly a year after FTX, the cryptocurrency exchange he founded, collapsed and declared bankruptcy. The 31-year-old is accused of stealing billions of dollars in FTX's customer funds.

New York

Former FTX co-founder Sam Bankman-Fried has been found guilty of defrauding investors and customers.

Bankman-Fried Guilty

FTX founder Sam Bankman-Fried's U.S trial explained

Sam Bachman Freed is going on trial on fraud charges in New York starting on October 3rd. This comes nearly a year after FTX, the cryptocurrency exchange he founded, collapsed and declared bankruptcy. The 31-year-old is accused of stealing billions of dollars in FTX customer funds. Federal prosecutors say he used the money to plug losses at Alameda Research, which was a crypto focused hedge fund that he also owned, and to buy luxury real estate and donate tens of millions of dollars to US political campaigns. Now the former billionaire has pleaded not guilty. He has acknowledged risk management failures at his companies, but says he never intended to steal any funds. Now his lawyers are expected to argue at trial that Bankman Freed thought FTX was allowed to make investments with customer funds, just like banks use deposits to make loans. His lawyers are also expected to try to pin most of the blame for the failures of his businesses on others. Now three former members of Sam Bankman Freed's inner circle have pleaded guilty and are set to testify against him at trial. That includes Caroline Ellison, Alameda's former chief executive officer, and also Bankman Freed's on-and-off romantic partner. Now the trial is expected to last about six weeks. In order to get a conviction, prosecutors must convince the jury beyond a reasonable doubt, both that Bankman Freed defrauded FTX customers and also that he knew at the time that what he was doing was wrong. Bankman Freed is going to be traveling to and from court each day from the Metropolitan Detention Center in Brooklyn, which of course is a far cry from the $30 million penthouse in the Bahamas where he was living up until his December 2022 arrest. A judge jailed him in August after finding that he likely tampered with witnesses at least twice, including by sharing Ellison's private writings with a reporter.

After weeks of delays, negotiations, and distractions, Israel appears to be gearing up for its ground invasion in southern Gaza. Dozens of Israeli tanks and armoured vehicles have been seen near Rafah, Gaza’s last 'safe zone'.

Rafah

Israel-Gaza War

Israel 'gearing up' for Rafah ground offensive

Ohio police released video of a Black man who died at a local hospital after repeatedly telling officers "I can't breathe" as they pinned him to the floor of a bar and handcuffed him, evoking memories of the killing of George Floyd in 2020.

Canton

'I can't breathe' man tells Ohio cops before death

Witnesses in Gaza reported fresh Israeli strikes overnight around Rafah. It comes as Hamas says it is considering an Israeli ceasefire proposal, after a delegation from Egypt arrived in Israel to resume stalled negotiations.

Sderot

Gaza hit by fresh strikes amid ceasefire talks

The US military has started building a large floating pier off Gaza's coast to facilitate the delivery of humanitarian aid, the defence department has said. Ships will deliver aid from Cyprus to the pier where it will be loaded onto trucks to transfer across Gaza.

Jerusalem

US begins building floating base to boost aid

King Charles will return to his public duties next week for the first time since his February cancer diagnosis, visiting a cancer treatment centre. There fears his Australian trip will be delayed, while he continues treatment for his own cancer battle.

Windsor

King Charles resuming public duties but Australian trip in limbo

Demonstrations have taken place across the country after a spate of domestic violence deaths, including Molly Ticehurst. Protestors held signs saying ‘no more’ calling for immediate action against male-inflicted violence.

Council of the City of Sydney

Thousands rally across Australia against domestic violence

The Russian and Turkish flags were lowered to mark the closure of a center set up to monitor a ceasefire in Nagorno-Karabakh, as Russian peacekeepers ended a multi-year deployment in the strategic South Caucasus region.

Baku

Nagorno-Karabakh ceasefire center closes as Russia withdraws

Britain's King Charles will return to public duties next week for the first time since being diagnosed with cancer as he makes good progress following treatment and a period of recuperation, Buckingham Palace said.

London

King Charles to resume public duties after cancer diagnosis

Students blocked access to Paris' prestigious Sciences Po university over the war in Gaza on Friday (April 26), demanding the institution condemn Israel's actions, in a protest that echoed similar demonstrations on U.S. campuses.

Paris

Pro-Palestinian protesters still occupying Sciences Po campus

The number of people killed in floods in Kenya due to heavier than usual rainfall since the start of the monsoon in March has risen to 70, a government spokesperson said Friday. Kenya and other countries in East Africa, a region highly vulnerable to climate change, have been pounded by heavier than usual rainfall in recent weeks, compounded by the El Nino weather pattern.

Nairobi

Climate Crisis

Kenya flood death toll since March climbs to 70

An Australian journalist has been named as a key figure in Donald Trump's criminal trial. Dylan Howard, the former editor of the National Enquirer in the U.S. accused of buying and burying negative stories as part of a deal to help him become President.

U.S. Presidential Election

The Australian journalist caught up in Trump trial

A surging domestic economy and rising inflation will see the Reserve Bank change its mind and increase interest rates as many as three times this year, analysts have warned.

Reserve Bank set to raise interest rates, expert predicts

The Prime Minister has labelled the security guard murdered during the Bondi stabbing attack a 'national hero' during his funeral today. Mourners gathering at the Baitul Huda Mosque in Marsden Park, Sydney to honour Faraz Tahir.

Marsden Park

Mourners farewell Bondi security guard Faraz Tahir

After a crucial hearing, U.S. Supreme Court justices are weighing arguments for and against Donald Trump's claims of presidential immunity from 2020 election interference charges, but a ruling will take time.

Washington

U.S. Supreme Court weighs arguments on Trump immunity case

Disgraced movie mogul Harvey Weinstein’s 2020 rape conviction has been overturned after New York’s highest court ruled the trial judge improperly allowed women to testify about allegations against him that were not part of the case.

Harvey Weinstein’s 2020 rape conviction overturned

Palestinians have begun evacuating Rafah as Israel steps up airstrikes. Israel plans to go forward with a ground operation in the southern Gaza city despite warnings from allies that it could cause mass casualties.

Israel steps up airstrikes on Rafah ahead of ground operation

After weeks of delays, Haiti is due to swear in a presidential transition council. Gang violence has devastated the economy and social services are on the brink of collapse. Gang leaders say talks over Haiti's political future must include them.

Port-au-Prince

Haiti interim transition council to be sworn in

Israeli forces are carrying out "offensive action" across southern Lebanon, Defence Minister Yoav Gallant said without specifying whether ground troops had crossed the border. He also claimed that "half of Hezbollah's commanders in southern Lebanon have been eliminated" in months of violence.

Beirut

Israel says forces carrying out 'offensive action' in south Lebanon

In a deal facilitated by Qatar, Russia and Ukraine will exchange nearly 50 displaced children due to Moscow's invasion, announced Maria Lvova-Belova, the Kremlin's children's rights commissioner, in Doha.

Doha

Ukraine Invasion

Russia and Ukraine to exchange dozens of displaced children

Rudy Giuliani, a former lawyer for Donald Trump, is among 18 people charged in Arizona with illegally seeking to claim the state's 2020 electoral votes for the then-U.S. president.

Phoenix

Giuliani indicted in election vote-rigging case

Dozens of whales have died after 160 became beached during a mass stranding event in WA's south-west. Community members turned out this morning to the mouth of Toby Inlet at Geographe Bay near Dunsborough, where dozens of pilot whales were stuck in shallow water.

Geographe

Mass whale stranding in southwest WA

Prime Minister Anthony Albanese has completed a two-day trek of the Kokoda Track in Papua New Guinea, alongside PNG Prime Minister James Marape in commemoration of ANZAC Day

Kokoda

Australian Prime Minister's Kokoda pilgrimage

Five teenagers have appeared in court, after being arrested in connection with the stabbing of the Bishop in the Wakely church stabbing. Counter-terrorism police are continuing searches in south-west Sydney and Goulburn.

Wakeley

Teenagers face court over terrorism offences

U.S. President Joe Biden is expected to sign a law that sets a January 2025 deadline for Chinese parent company ByteDance to sell its U.S. operation. Lawmakers behind the ban have warned of national security risks from the popular social video app.

Biden to sign law that could ban TikTok in U.S.

Morning rush hour in central London turned chaotic Wednesday as five escaped military horses galloped at full speed through busy city streets, injuring at least four people. All five horses were rounded up and given veterinary care.

Runaway horses cause peak-hour chaos in London

The United Nations is calling for an inquiry after bodies were found beneath Gaza's Nasser Hospital, in the city of Khan Younis. The hospital was recently abandoned by Israeli troops who said they’d finished searching it for Hamas fighters.

U.N. calls for inquiry after unmarked graves found in Gaza

People living in Athens have seen the sky turn orange. It was caused by clouds of dust from the Sahara desert, which blew in from Northern Africa blanketing much of Greece.

Athens

'Apocalyptic' orange haze descends on Athens

Thousands have lined the streets of Sydney's CBD to honour veterans and those who made the ultimate sacrifice for the annual Anzac Day march.

Thousands of veterans take part in ANZAC Day marches

President Joe Biden has signed a bill into law that provides billions of dollars of new U.S. aid to Ukraine for its war with Russia. The legislation also includes $26 billion for Israel, as well as $1 billion in humanitarian assistance to Gaza. Biden also signed a separate bill tied to the aid package that bans TikTok in the U.S. if its owner fails to divest the video app.

Biden signs Ukraine, Israel aid, TikTok ban package

A North Korean delegation led by a cabinet minister for international trade is visiting Iran, according to state media. The rare public visit signals increased cooperation between the two countries, which are believed to have secret military ties.

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Bankman-Fried Guilty