"Inside the FTX Trial: Sam Bankman-Fried's Allies Turned Adversaries"

1 min read
Source: The Wall Street Journal
"Inside the FTX Trial: Sam Bankman-Fried's Allies Turned Adversaries"
Photo: The Wall Street Journal
TL;DR Summary

A lieutenant of Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, testified in court about a crash that occurred on the platform in 2018. The lieutenant recounted the incident for jurors, explaining how the crash caused significant financial losses for FTX users. The testimony is part of a lawsuit filed by a former employee who claims he was wrongfully terminated after raising concerns about the crash.

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