SBF's defense claims no intent to defraud investors: FTX trial update

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Sam Bankman-Fried, founder of cryptocurrency exchange FTX (FTT-USD), entered the third day of his criminal trial this morning. The former CEO has been charged with several counts of fraud and money laundering that could result in a maximum sentence of life in prison if convicted. A key point of debate is whether Bankman-Fried intentionally set out to commit fraud, with his defense arguing he did not deliberately intend to defraud investors and customers. Yahoo Finance's Rachelle Akuffo and Akiko Fujita break down the details of Wednesday's opening arguments, providing insights on both the defense and prosecution's strategies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

), entered the third day of his criminal trial this morning. The former CEO has been charged with several counts of fraud and money laundering that could result in a maximum sentence of life in prison if convicted. A key point of debate is whether Bankman-Fried intentionally set out to commit fraud, with his defense arguing he did not deliberately intend to defraud investors and customers.

Ian Langley, from Shiney Row, near Sunderland, was named by a friend as the victim of a dog attack which happened on Tuesday evening. -- India’s latest media crackdown puts the US in an awkward position as it seeks to balance promotion of human rights with courting New Delhi to counter the influence of China.

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Opening statements set to begin at trial of FTX founder Sam Bankman-FriedOpening statements were set to begin Wednesday after a jury was chosen to hear the fraud trial of FTX founder Sam Bankman-Fried in New York City.
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