© Reuters. FILE PHOTO: Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo
Bankman-Fried's trial kicked off nearly a year after FTX froze customer withdrawals and declared bankruptcy in a dramatic collapse that shocked financial markets and left its founder's reputation in tatters. Bankman-Fried has pleaded not guilty. His lawyer, Mark Cohen, said in his opening statement that cooperating witnesses like Wang may be"spinning things that Sam said and did at the time that were good-faith business decisions that they themselves were fine with" as"sinister" in hindsight.
Wang did not specify at the time who gave him those directions, but prosecutors say it was Bankman-Fried. But Yedidia grew concerned that the debt was too large, and asked Bankman-Fried about it while playing padel tennis at their Bahamas apartment complex. He said Bankman-Fried appeared worried as well.
The defendant's parents, the Stanford Law School professors Joseph Bankman and Barbara Fried, took notes on a yellow legal pad that they passed back and forth to each other as Yedidia testified.
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