FTX's Sam Bankman-Fried to Testify at His Fraud Trial

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Sam Bankman-Fried will take the stand and testify at his own fraud trial tied to the collapse of his crypto exchange, FTX.

plan to testify during a recent hearing with prosecutors and the judge overseeing the case . Bankman-Fried could take the stand as soon as tomorrow, Oct. 26, though an exact date is unclear. He’ll be called when the defense begins its case, which is expected to be soon, with the prosecution set to rest after calling a final witness.last year — the opportunity to share his side of the story and try to counter the narrative prosecutors have been building.

Bankman-Fried’s trial began Oct. 3, and over the first few weeks, prosecutors have built their case around the testimony of people like top FTX executives Gary Wang and Nishad Singh . Wang, for instance, testified that Bankman-Fried told him and Singh to make a secret backdoor in the FTX code that would allow customer funds to be moved to Alameda Research, a crypto hedge fund Bankman-Fried also co-founded.

“If we were able to raise money, that was money that we could use to repay the money we had borrowed from FTX customers,” Ellison said.'Old Dads' Review: Bill Burr Directs a Gen-X Dad Comedy That's Really a Drive-By Attack on All Things CorrectLeaked Audio Recordings Show the Disturbing Way Donald Trump Wanted to Show Off Melania to His Friends

 

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