tldrdailynews.com logo

Sam Bankman-Fried's Fraught Testimony Unveiled in Trial Hearing

1 min read
Source: CNN
Sam Bankman-Fried's Fraught Testimony Unveiled in Trial Hearing
Photo: CNN
TL;DR

Sam Bankman-Fried, the CEO of FTX and founder of Alameda Research, testified in his fraud trial, revealing that he initially thought there was an 80% chance FTX would fail. He also admitted to knowing "basically nothing" about crypto before starting Alameda Research. Bankman-Fried denied defrauding anyone and acknowledged making mistakes. The trial continues, with Bankman-Fried's testimony being closely watched by the jury.

Topics:businesscryptocurrencyfinance#alameda-research#cryptocurrency-exchange#cryptocurrencyfinance#fraud-trial#ftx#sam-bankman-fried
Share this article
  1. Sam Bankman-Fried set to take the stand in his fraud trial  CNN
  2. Sam Bankman-Fried testifies in his own trial without jurors present: CNBC Crypto World  CNBC Television
  3. Sam Bankman-Fried's Cross-Examination Will be 'Brutal,' Lawyer Predicts  CoinDesk
  4. Bankman-Fried dodges, waffles during cross-examination at trial hearing  The Washington Post

Want the full story? Read the original reporting

Read on CNN