Sam Bankman-Fried faces intense cross-examination in crypto fraud trial

Sam Bankman-Fried, former CEO of bankrupt cryptocurrency exchange FTX, testified in his crypto fraud trial without the jury present, allowing the judge to determine the admissibility of his testimony. Prosecutors have accused Bankman-Fried of diverting customer funds to his hedge fund, lying to investors and lenders, and using the funds for personal expenses. Bankman-Fried's decision to testify gives prosecutors the opportunity to cross-examine his claims. He faces charges of wire fraud and conspiracy to launder money, which could result in lengthy prison sentences if convicted.