Sam Bankman-Fried to Take the Stand in Fraud Trial

Sam Bankman-Fried was charged last year with stealing billions of dollars from FTX customers while lying to investors and lenders.

FTX founder Sam Bankman-Fried will testify at his criminal trial, his defense team said Wednesday, in what many legal observers see“We are going to put on potentially three witnesses, then our client is also going to be testifying,” lawyer Mark Cohen told the New York federal judgeduring a virtual hearing. Bankman-Fried will likely testify over Thursday and Friday, Cohen said. Federal prosecutors said they would rest their case Thursday morning.

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