Sam Bankman-Fried’s Post-Collapse Media Blitz Has Clearly Backfired
The FTX founder was grilled Monday by a prosecutor, who used the many words he said to journalists after his crypto company’s collapse against him.
The FTX founder was grilled Monday by a prosecutor, who used the many words he said to journalists after his crypto company’s collapse against him.
Bankman-Fried began testifying in front of the jury on Friday.
Bankman-Fried’s testimony before a jury contradicts prosecutors’ key witnesses in subtle ways.
The FTX founder will argue he did not intend to defraud his customers or investors.
The latest transactions followed $19 million worth of crypto moved from FTX cold wallets to exchanges.
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.
Prosecutors intend to rest their case on Thursday, at which point SBF’s defense lawyers will begin calling witnesses.
The latest price moves in crypto markets in context for Oct. 25, 2023.
Bankman-Fried will testify about FTX’s collapse. But he’s got a lot he’ll need to push back on.
Wednesday filings by Bankman-Fried’s defense team and the DOJ hint at his possible defense arguments.