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As the criminal trial against Sam Bankman-Fried, founder of cryptocurrency platformFTX, over allegations of misusing billions in client funds began, the first witness for the prosecution was Marc-Antoine Julliard, a London-based cocoa bean trader who invested$100,000 in FTX and lost it.

CNBC looked closer into Julliard who shared his disappointing experience with FTX, especially the anxiety he felt when attempts to withdraw his crypto and cash failed. He, like many other FTX customers, essentially lost everything when the exchange collapsed.

See Also:Crypto Regret: Trader Misses Out On $28M Windfall By Cashing Out Shiba Inu In 2020 At Same F***ing Price

Julliards testimony is part of the prosecutions strategy to demonstrate that FTX clients were falsely assured their funds were safe. Bankman-Fried, once hailedas the white knight ofcrypto, faces seven federal charges,which could result in a life sentence.

Bankman-Frieds lawyer, Mark Cohen, insists his client didnt defraud anyone, arguing that the losses incurred by clients were due to their own decisions. Cohen portrayed Bankman-Fried as a math nerd who was building his startup while running it.

The trial,set to last six weeks,is being held in Manhattan. Other witnesses set to testify include Adam Yedidia, a friend of Bankman-Fried from MIT, and FTX co-founder Gary Wang.

Read Next: The biggest disruption to smartphones in 15 years is here. See how this company is Giving Users An Opportunity To MakeUp To $1200 A Year

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Liam Gallagher hits out at Edinburgh council after Oasis fans branded ‘rowdy’

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Liam Gallagher hits out at  Edinburgh council after Oasis fans branded 'rowdy'

Liam Gallagher has criticised a Scottish council for suggesting Oasis fans were “drunk, middle-aged and fat”.

The remarks were revealed following a freedom of information request that was sent to Edinburgh council – ahead of the band’s three sold-out shows in Scotland this August.

The documents expressed concerns that the Oasis Live ’25 tour would clash with the Edinburgh Festival Fringe – the world’s largest performance arts festival.

Liam Gallagher (left) and Noel Gallagher (right). Pic: PA.
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Liam Gallagher (left) and Noel Gallagher. Pic: PA

One note warned that there would be a “substantial amount of older fans”, and that because “middle-aged men take up more room”, age and size should be considered in crowd control planning.

Another note suggested “medium to high intoxication” should be expected at the concert.

An additional remark said there was some “concern about crowds of Oasis on weekends as they are already rowdy, and the tone of the band”.

The Fringe is considered one of the world's largest performance arts festivals, with millions of attendees expected in August. Pic: PA.
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The Fringe is one of the world’s largest performance arts festivals. File pic: PA

It also expressed concern for the “safety” at the Edinburgh Fringe – including for its performers.

“Many performers are considering not attending for that weekend,” one note read.

Liam Gallagher was not impressed – and left the following message for the council on his social media.

“To the Edinburgh council I’ve heard what you said about Oasis fans and quite frankly your attitude f****** stinks I’d leave town that day if I was any of you lot.”

In a second post, he said: “I’d love to see a picture of all the people on the Edinburgh council bet there’s some real stunning individuals.”

Liam Gallagher. Pic: AP.
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Liam Gallagher said the council’s attitude towards fans ‘stinks’. Pic: AP

David Walker, from the Oasis Collectors Group, has described the comments as “a nasty, sneering stereotype”.

“It’s a jaundiced view,” he added.

Local councillor Margaret Graham said that it is usual practice for the council to “prepare extensively” for major city events.

The culture and communities convener also said: “We’re very proud to host the biggest and best events in Edinburgh throughout the year, which bring in hundreds of millions of pounds to the local economy and provide unparalleled entertainment for our residents and visitors.

“As with any major event which takes place in the city, we prepare extensively alongside our partners to ensure the safety and best possible experience of everyone involved – and Oasis are no different.”

Noel Gallagher (L) and Liam Gallagher (R) at Wembley Stadium in 2008. The brothers will be back in Wembley for their upcoming concerts.
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Noel Gallagher (left) and Liam Gallagher at Wembley Stadium in 2008. Pic: PA

Around 210,000 fans are expected to attend the three Edinburgh gigs.

Oasis made their comeback announcement in August last year – ahead of the 30th anniversary of their debut album Definitely Maybe, released on 29 August 1994.

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Liam and Noel Gallagher’s return also marks 15 years since the last time the brothers performed together before their infamous fallout – which was prompted by a backstage brawl before a Paris festival in August 2009.

Liam damaged one of his elder brother’s guitars, causing Noel to dramatically quit – ending the partnership that had propelled them to fame and fortune.

“It is with some sadness and great relief… I quit Oasis tonight,” Noel later said in a statement. “People will write and say what they like, but I simply could not go on working with Liam a day longer.”

The feud continued over the years, with the pair exchanging insults publicly – Liam on social media, Noel more when asked about his brother in interviews – but reportedly never speaking in person.

When his documentary As It Was was released in 2019, Liam told Sky News he had wanted to “break [Noel’s] jaw” after he apparently refused permission for Oasis music to be featured in the film.

But after 15 years, they have now made amends – giving thousands of Oasis fans the chance to see them play live once again.

Their top hits include Wonderwall, Don’t Look Back In Anger, Stand By Me, Lyla and The Importance of Being Idle.

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NASCAR’s Mexico City Cup race hits travel snags

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NASCAR's Mexico City Cup race hits travel snags

MEXICO CITY — Shane Van Gisbergen was buckled into his seat ready to head to Mexico City for NASCAR’s first international Cup Series race of the modern era when a loud “BOOM!” suddenly forced the pilot to abort takeoff.

There was an engine issue with the chartered flight in North Carolina, and Van Gisbergen and most of Trackhouse Racing suddenly found themselves stranded. In fact, two NASCAR charters had issues Thursday that delayed the arrivals of crew members and drivers for at least five teams.

They all arrived safely Friday morning — some teams drove to Atlanta to catch commercial flights — while others awaited a new morning charter.

“Yeah, it wasn’t real fun. Yesterday was a long day,” Van Gisbergen said once in Mexico City. “Pretty scary when the plane launched itself on take-off. They stopped and were trying to just get another plane. And then it was first thing this morning, so early start this morning. I think we got up at 3:30 a.m. at home and got on an early flight down here.”

It was a bumpy start to the first points-paying Cup Series race outside the United States as the entire Friday schedule had to be revamped to accommodate the stranded teams. And with team personnel missing for some organizations, reinforcements were called in to help: The communications director for Trackhouse had to help unload the team cars off the haulers.

The trucks came directly from last Sunday’s race in Michigan and arrived at the Mexico City track on Thursday.

“Due to two aircraft issues that grounded multiple race teams in Charlotte, N.C., on Thursday, NASCAR has adjusted the on-track schedule for this weekend’s activities at Mexico City’s Autódromo Hermanos Rodríguez,” NASCAR said in a statement.

NASCAR delayed Friday’s originally planned Cup Series practice to later in the afternoon. NASCAR also pushed all Xfinity Series practice sessions from Friday to Saturday. And the first of two NASCAR Mexico Series races were moved to early Friday instead of their late Friday schedule.

The Xfinity Series will lose some practice time, with just one 50-minute session on Saturday morning, right before qualifying. There are other slight adjustments as well, but Cup teams will not lose any practice.

Van Gisbergen was rolling with the delay.

“You can’t predict that kind of stuff happening. There’s so many moving parts,” he said. “Everyone’s down here now. I think it’s all the important people, I guess, needed for [Friday] , so I think they’ve done a good job salvaging it.

“I guess it’s a big deal when you think about it, but I’m not really too fussed about it,” he continued. “I’m already focused on [racing]. Obviously not ideal, but it happened and we fixed it.”

Truex gets a shot

It’s been 11 years since Ryan Truex raced in the Cup Series but he gets another start Sunday as the replacement for Denny Hamlin in Mexico City.

Truex is a reserve driver for Joe Gibbs Racing and has been in a holding pattern the past three weeks as Hamlin awaited the birth of his son. Hamlin didn’t have to get out of the car at Nashville or Michigan, but the baby finally arrived Wednesday and Hamlin opted to skip this weekend to care for his family of five.

Truex got the call the same evening to wheel the high-profile No. 11 Toyota. The younger brother of former Cup Series champion Martin Truex Jr. has 26 career Cup starts but none since 2014.

Martin Truex won an Xfinity Series race in 2005 in Mexico City, something he reminded his younger brother of when he told him he got the call.

“I texted him this week when I found out, and he said, ‘You know, the Truexes are 1-for-1 in Mexico,’ so no pressure,” Ryan Truex said Friday. “I’m glad he could throw that at me.”

Hamlin, a three-time winner this year, requested and was granted a waiver by NASCAR officials to retain his eligibility for the Cup Series Playoffs.

Truex does have recent seat time as the 33-year-old was a fill-in option in practice for Tyler Reddick of fellow Toyota team 23XI Racing during Coca-Cola 600 practice. Still, the waiting game to see if he was needed and getting ready for an international trip has been a whirlwind.

“It’s been a crazy few weeks — especially since Charlotte, I’ve been on standby,” he said. “I’m glad it is at a track where I can practice and have time and know what to do to. It has been kind of chaotic getting here and putting all of that together, but I’m just grateful for the experience and grateful to be here.

“I don’t really have any set goals or expectations — I just want to enjoy the weekend. I’m driving a Cup car for Joe Gibbs at an international race – this is not something I ever dreamed of doing, so I just want to take it all in and have a good time.”

Truex said that every time he received a text from Hamlin crew chief Chris Gayle the last month, his heart began to race as he wondered if this was the call.

He’s thankful for his time in a reserve role with Gibbs after a miserable time in Cup a decade ago. Truex is hoping to use Sunday as a springboard to regular racing.

“My last time in Cup was not a fun experience. It didn’t go well for me. I didn’t enjoy it,” Truex said. “That was probably not the right move for me, career-wise, and I’ve kind of been fighting back since then. I enjoy everything I do at JGR. I’ve been able to race part-time the last couple of years, and do all of this stuff away from the track.”

Elevation training

NASCAR drivers will face one of the biggest challenges of their career racing at Autódromo Hermanos Rodríguez, which sits at an elevation of nearly 7,500 feet. The next highest track on the Cup circuit in terms of elevation is Las Vegas Motor Speedway at about 2,000 feet above sea level.

To prepare its drivers for the altitude, Toyota launched a comprehensive training program months ago that had its drivers wearing a mask that simulates less oxygen while training and even sleeping in a hypoxic tent.

Reddick was among those who slept in a tent to adjust to the higher altitude and mitigate potential symptoms of altitude sickness.

“One side effect of it is my wife hasn’t been super happy about me sleeping in a hypoxic environment, especially at the later stages of her pregnancy,” said Reddick, whose wife delivered the couple’s second child May 25.

The tent idea was devised after JGR driver Christopher Bell asked Toyota what would be done to help maintain maximum performance in the high altitude.

“We started that early in the season, just talking and getting a plan together, making sure we’re prepared for it,” Bell said. “I’m proud of everyone at Toyota, the Toyota Performance Center. Caitlin Quinn has really headed up the department of physical fitness and made sure we’re ready for this challenge. Hopefully, the Toyota drivers are the ones that are succeeding.”

The program was devised by Caitlin Quinn, director of performance for the Toyota Performance Center in Mooresville, North Carolina. She was a strength coach at Florida State University before joining Toyota Performance Center.

Quinn helped drivers learn to perform in a lower oxygen environment when they’re resting, as well as exercise in an environment with less oxygen. Toyota enclosed a space in its center with a bicycle inside it for drivers to ride in a lower oxygen setting.

Quinn said Toyota starting implementing those programs about eight weeks ago for drivers.

“It is different sleeping in a hypoxic environment,” Reddick said. “I’ve noted the changes so far, and I’m excited to see what it’s going to be like.”

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Hamlin to miss Mexico City race after birth of son

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Hamlin to miss Mexico City race after birth of son

MEXICO CITY — Denny Hamlin will miss NASCAR’s first international race of the modern era to remain in North Carolina following the birth of his child.

Ryan Truex will replace him Sunday in Mexico City.

“See you guys in Pocono,” Hamlin posted on social media. “We are happy to announce the birth of our son. Everyone is doing well. My main priority is to be here at home for Jordan and our family over the next few days when she is able to go home and we transition to life as a family of five.”

Hamlin and fiancee Jordan Fish now have three children, two daughters and a son born Wednesday. Hamlin had been on baby watch the last 12 days as Fish went nearly two weeks past her predicted due date.

He had planned to get out of the car at Michigan last Sunday if she went into labor early in the race, but when the first stage passed with no word, he went on to score his third win of the season. The victory was the 57th of his career and made him the all-time winningest driver at Joe Gibbs Racing.

Through 15 races this season, Hamlin ranks third in the overall Cup Series standings.

Truex, younger brother of former JGR full-time driver Martin Truex Jr., is Gibbs’ reserve driver. His last Cup Series start was in 2014 and he has 26 starts at NASCAR’s top level.

Hamlin will need NASCAR to grant him a waiver to be eligible to compete in the playoffs for the Cup Series championship. NASCAR during the offseason tightened the rules for granting waivers, but said it would permit a driver skipping an event for the birth of a child.

The 44-year-old Hamlin will snap his streak of 406 consecutive starts. Hamlin last missed a race in 2014 at California Speedway because of an eye irritation.

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