Sam Bankman-Fried testified before a jury for the first time on Friday saying he did not defraud FTX customers or take their funds, according to Bloomberg’s live reporting of the trial.
Once the lord of a multibillion-dollar crypto empire under the FTX brand name, Sam Bankman-Fried will now have to prepare himself for his upcoming trial from a cell. A New York federal judge revoked Bankman-Fried’s bail and sent the crypto wiz to jail Friday to await trial later this year.
Sam Bankman-Fried’s legal defense tried to convince a judge “nothing improper or impermissible occurred” last week when the disgraced crypto founder leaked former Alameda Research CEO and on-again-off-again girlfriend Caroline Ellison’s personal diary to The New York Times. The former FTX CEO’s defense says the leaked…
Lawyers representing FTX founder Sam Bankman-Fried announced on Wednesday that his October trial might need to be delayed. The lawyers said they were still waiting for important documents to be handed over and claimed the hold-up could hinder their ability to review the evidence and create a proper defense.