On Monday, Sam Bankman-Fried faced government scrutiny in his criminal trial where he is accused of seven counts of fraud and conspiracy for pilfering billions of dollars of FTX customers’ cash and crypto through his co-founded trading firm, Alameda Research. Bankman-Fried’s memory faltered under the questions posed by US Assistant Attorney Danielle Sassoon, and he struggled to recall details about his time as CEO of FTX. He responded to questions with “I don’t recall” dozens of times. Bankman-Fried’s responses were in stark contrast to his lawyers’ testimony earlier in the day. The former crypto mogul was reminded by US District Judge Lewis Kaplan to answer questions “efficiently” on Friday. The government called upon tweets or excerpts previously penned by Bankman-Fried to refresh his recollection. The defense has argued that it was the “perfect storm” of plunging prices and startup mistakes that toppled FTX. #Crypto #Fraud #FTX #AlamedaResearch
You can read more about this topic here: Decrypt: Sam Bankman-Fried Can’t Remember a Damn Thing
