"High-Stakes Drama Unfolds as 'King of Crypto' Fraud Trial Continues"

1 min read
Source: BBC.com
"High-Stakes Drama Unfolds as 'King of Crypto' Fraud Trial Continues"
Photo: BBC.com
TL;DR Summary

The jury in the fraud trial of Sam Bankman-Fried, former CEO of cryptocurrency exchange FTX, has been sent home after he briefly took the stand but did not speak. Bankman-Fried was instead asked to testify in private before the judge to determine the admissibility of his testimony. He is accused of lying to investors and lenders and stealing money from customers of FTX. Bankman-Fried denies the charges. Prosecutors have built their case on statements from former colleagues who have already pleaded guilty. If found guilty, Bankman-Fried could face a life sentence in prison.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

82%

52693 words

Want the full story? Read the original article

Read on BBC.com