Sam Bankman-Fried Faces Intense Cross-Examination in Crypto Fraud Trial

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, is expected to testify in his criminal fraud case after weeks of testimony from witnesses who accused him of using customer deposits for personal gain. Bankman-Fried is accused of orchestrating a scheme to use up to $10 billion in customer funds for venture investments, real estate purchases, and lavish spending. The defense argues that Bankman-Fried acted in good faith and did not intend to defraud customers. Prosecutors have presented a strong case, and Bankman-Fried's decision to testify is seen as a risky move.