Sam Bankman-Fried sits beside his defence lawyer Christian Everdell on the first day of his fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, US, Oct 3, 2023 in this courtroom sketch.October 04, 2023 2:45 AM
The list included both proposed prosecution and defence witnesses, and there is no guarantee that those named will testify. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy. He has acknowledged inadequate risk management, but denied stealing funds. His lawyers have signalled in court papers they plan to argue that FTX's treatment of customer funds was proper, and that others at FTX and Alameda bore the bulk of the blame for their failure.
"It almost financially ruined him," said the man. When Kaplan asked if the man could nonetheless be fair, he responded, "I really want to believe that I could, but to be perfectly honest I believe that it would affect me."At the outset of proceedings, Kaplan told Bankman-Fried in open court that it would ultimately be his decision whether to testify in his own defence, and asked Bankman-Fried whether he understood.
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