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 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)
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.
After Hamas’ deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited.
Prosecutors rested their case on Thursday, so SBF’s defense lawyers are calling witnesses now.
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)
BTC’s price hasn’t seen these lofty levels since May 2022, when the cryptocurrency industry was just starting to get pummeled by scandals.
The U.S. Department of Justice and Sam Bankman-Fried’s defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks.