The CEO of the failed cryptocurrency exchange FTX is charged with seven counts of wire fraud and conspiracy to launder money
Sam Bankman-Fried will probably take the stand on Thursday in his own criminal fraud trial in an attempt to win over the jury after weeks of damning testimony by the prosecution’s witnesses.
The defense attorney Mark Cohen made the surprise announcement on Wednesday morning that the disgraced crypto mogul would testify in Manhattan federal court. Bankman-Fried, 31, was the CEO of the bankrupt cryptocurrency exchange FTX, which collapsed as the cryptocurrency industry crashed in late 2022. Cohen said the defense plans to call three brief witnesses before Bankman-Fried takes the stand.
About Author
More Stories
Italy seeks to protect restaurants and hotels from fake and paid-for reviews
Bodies recovered from illegal goldmine in South Africa where many feared dead
US sues Elon Musk for allegedly failing to disclose early Twitter stock purchase