"High-Stakes Drama Unfolds as 'King of Crypto' Fraud Trial Continues"
TL;DR
The jury in the fraud trial of Sam Bankman-Fried, former CEO of cryptocurrency exchange FTX, has been sent home after he briefly took the stand but did not speak. Bankman-Fried was instead asked to testify in private before the judge to determine the admissibility of his testimony. He is accused of lying to investors and lenders and stealing money from customers of FTX. Bankman-Fried denies the charges. Prosecutors have built their case on statements from former colleagues who have already pleaded guilty. If found guilty, Bankman-Fried could face a life sentence in prison.
Topics:top-newslegalcryptocurrency#cryptocurrency-exchange#fraud-trial#ftx#legalcryptocurrency#sam-bankman-fried#testimony
- FTX: Jury sent home in 'King of Crypto' fraud trial BBC.com
- Sam Bankman-Fried's Testimony Put on Hold in Crypto Fraud Case The New York Times
- Sam Bankman-Fried has 'no way to escape' in fraud trial, says Skybridge's Anthony Scaramucci CNBC Television
- Sam Bankman-Fried's Cross-Examination Will be 'Brutal,' Lawyer Predicts CoinDesk
- Will Sam Bankman-Fried fix his case when he takes the stand? Cointelegraph
Want the full story? Read the original reporting
Read on BBC.com