sam bankman fried
FTX founder Sam Bankman-Fried leaves Federal court, Wednesday, July 26, 2023, in New York.
  • Sam Bankman-Fried will take the stand in his criminal trial, his lawyer said.
  • The FTX cofounder is facing seven charges of fraud and a potentially hefty prison sentence.
  • Experts say his testimony could be a wild card.

Sam Bankman-Fried plans to take the witness stand to testify in his own defense in the criminal fraud trial over FTX's collapse, according to his attorney Mark Cohen.

In a hearing in federal court in downtown Manhattan Wednesday, Cohen said he would call three witnesses in Bankman-Fried's defense case, and then Bankman-Fried himself would testify.

The trial has been on hiatus since last week and is scheduled to resume on Thursday. Prosecutors said they would bring two more witnesses before resting, turning things over to Bankman-Fried's lawyers to make their defense case.