Sam Bankman-Fried to Take the Stand in FTX Trial

1 min read
Source: The New York Times
Sam Bankman-Fried to Take the Stand in FTX Trial
Photo: The New York Times
TL;DR Summary

Sam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, plans to testify at his criminal fraud trial in Manhattan. Bankman-Fried, who is charged with orchestrating a scheme to steal up to $10 billion from FTX customers, has pleaded not guilty to seven charges. Prosecutors have called witnesses who testified that Bankman-Fried lied about the exchange's use of customer money. The defense plans to call three witnesses, including a financial services consultant and a Bahamian lawyer involved in the case. Bankman-Fried is expected to testify after these witnesses.

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