LIVE: Sam Bankman-Fried Tells Jury ‘Run on the Bank’ Felled FTX
Sam Bankman-Fried will continue his defense Monday against allegations he committed fraud and conspired to commit other forms of fraud in operating FTX and Alameda Research.
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Sam Bankman-Fried
Sam Bankman-Fried will continue his defense Monday against allegations he committed fraud and conspired to commit other forms of fraud in operating FTX and Alameda Research.
Digital Currency Group CEO Barry Silbert asked Sam Bankman-Fried for help, SBF testified Friday (DCG)
“I believed the funds came from Alameda’s operating profits” as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.
The former crypto billionaire’s lawyer focused on trying to spin prosecutors’ narrative about FTX and Alameda Research’s collapse in a way more favorable to SBF.
Sam Bankman-Fried began his testimony like the brilliant former golden boy from crypto’s better days. He ended the longest, strangest, most torturous day yet of his criminal trial more imperiled than ever before.
Prosecutors rested their case on Thursday, so SBF’s defense lawyers are calling witnesses now.
Sam Bankman-Fried has said a lot in the months after FTX collapsed about what happened. What’s left for him to discuss?
In a series of filings throughout Thursday, the Department of Justice and Sam Bankman-Fried’s defense crossed swords on issues ranging from charts the defendant wants to use in his testimony to an ongoing question of whether the defense can rely on a presence of counsel argument.
Sam Bankman-Fried (Nikhilesh De/CoinDesk)
Sam Bankman-Fried outside court in July 2023. (Nikhilesh De/CoinDesk)