Sam Bankman-Fried, the founder of FTX, will take the stand to defend himself in his criminal fraud trial, according to his lawyers. Prosecutors allege that Bankman-Fried knowingly transferred customer money to Alameda and cooked FTX’s books. Bankman-Fried has denied these allegations, claiming that he is not guilty. The trial will be a high-stakes bid to persuade jurors of his innocence. Bankman-Fried’s credibility will be tested under cross-examination over FTX’s collapse, which has triggered billions in losses.
This is bad news for Bankman-Fried, as he will have to answer tough questions about his alleged actions. It is unclear whether he will be able to prove his innocence or not.
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You can read more about this topic here: Watcher Guru: FTX’s Bankman-Fried to Testify in Fraud Trial, Proclaim Innocence
