Sam Bankman-Fried's Fate Hangs in the Balance as Criminal Trial Nears Conclusion
Sam Bankman-Fried, the founder of crypto exchange FTX, has one last chance to convince a Manhattan jury of his innocence as his criminal fraud trial nears its end. Bankman-Fried, who faces multiple charges including wire fraud and money laundering, testified that he did not commit fraud and was unaware of the extent of Alameda Research's borrowing from FTX. The trial has largely featured testimony from former colleagues who implicated Bankman-Fried in a scheme to misuse customer funds. The defense's case hinges on Bankman-Fried's ability to persuade the jury of his version of events.
