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Sam Bankman-Fried denied defrauding FTX users during his ongoing criminal trial on Oct. 27. Meanwhile, cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign and nonfungible token (NFT) firm Yuga Labs has been awarded approximately $1.6 million in damages over a long-running lawsuit against NFT artists Ryder Ripps.

SBF denies defrauding investors

Sam Bankman-Fried took the stand at his criminal trial on Oct. 27, where he denied defrauding FTX users during the collapse of his crypto exchange last year.

Reports indicate that Bankman-Fried partly blamed former FTX chief technology officer Gary Wang for creating the "allow negative" button for sister company Alameda Research.