Sam Bankman-Fried, the former billionaire and founder of the bankrupt FTX cryptocurrency exchange, plans to testify in his own defense at his criminal fraud trial. Bankman-Fried’s lawyer stated that three other witnesses would testify briefly after prosecutors finish presenting their case. Testifying carries risks, as prosecutors can use documents and testimonies to challenge credibility. Bankman-Fried’s openness may indicate his confidence in convincing at least one juror of his innocence. Former members of his inner circle have testified that he directed them to commit crimes and used customer funds for personal gain. The defense has argued that certain decisions were reasonable business choices at the time and blamed FTX’s collapse on Bankman-Fried’s inner circle. Bankman-Fried may have to address testimony about debts to FTX customers and explain text messages showing his knowledge of the funds shortfall before the exchange’s demise. The defense expects to wrap up its case by Friday, with closing arguments starting on Monday.
Читать полную новость на сайте