Sam Bankman-Fried's Trial: Testimony, Fraud Allegations, and Management Concerns

Sam Bankman-Fried, former CEO of FTX, testified at his trial that he declined requests for help from Digital Currency Group's Genesis subsidiary and Celsius, both of which later filed for bankruptcy. Bankman-Fried stated that he passed on providing equity capital to Genesis during the crypto market downturn, and he also rejected an emergency funds request from Celsius. These revelations come as Bankman-Fried faces charges of criminal fraud and conspiracy.