Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’
The former FTX CEO returned to the witness to present his testimony to a jury of 12 people as the criminal trial begins to reach its final stages.
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The former FTX CEO returned to the witness to present his testimony to a jury of 12 people as the criminal trial begins to reach its final stages.
Binance CEO Changpeng Zhao’s crypto empire has fallen over 80% from its January 2022 peak of almost $97 billion.
The testimony will challenge the government‘s claims, especially the counsel’s role in auto-deletion, North Dimension creation, Payment Agent Agreement, Alameda loans, and FTX Terms of Service.
SBF taking the stand in his criminal trial is “a very bad move,” as the FTX co-founder will be “skinned alive” by prosecutors, says Anthony Scaramucci.
Bankrupt crypto exchange FTX wants to look into millions it had given to the Center for AI Safety, a nonprofit that has argued AI should be a global priority next…
The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and expert witnesses?
After much speculation, the former FTX CEO will be one of only a handful of witnesses to testify for his defense in the criminal fraud case.
Options reportedly include selling the entire exchange, including its extensive customer base of over nine million, to potentially forming a partnership with another entity to revive the platform.
FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU.
According to former FTX general counsel Can Sun, Bankman-Fried "was not surprised at all" that billions of dollars were missing.