Sam Bankman-Fried to Take the Stand in FTX Fraud Trial

1 min read
Source: CNBC
Sam Bankman-Fried to Take the Stand in FTX Fraud Trial
Photo: CNBC
TL;DR

FTX founder Sam Bankman-Fried will testify in his own defense in the fraud trial against him, according to his attorney. This decision allows federal prosecutors to cross-examine him regarding the collapse of his crypto exchange. Bankman-Fried's defense team secured an adequate supply of his ADHD medication, which had been a concern. The defense will begin immediately after the government finishes its case, with three additional witnesses set to testify. Bankman-Fried is accused of fraud and money laundering related to the collapse of FTX, with the government presenting evidence of his alleged misuse of customer funds.

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