Sam Bankman-Fried has pleaded not guilty and is likely to argue that while he failed to adequately manage risk, he did not steal money
Sam Bankman-Fried’s trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange is set to resume on Wednesday, with the judge aiming to finish selecting a jury and move on to opening statements., nearly a year after FTX collapsed in a meltdown that shocked financial markets and tarnished the budding entrepreneur and philanthropist’s reputation as an honest actor in a crypto sector pockmarked by scams and purported get-rich-quick schemes.
That would pave the way for prosecutors and the defence to proceed to opening statements, in which each side would lay out their case.used FTX customer money from the exchange’s 2019 launch until its November 2022 bankruptcy in order to prop up his hedge fund, Alameda Research, buy luxury real estate, and donate to U.S. political campaigns in candidates.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
FTX founder Sam Bankman-Fried prepares for fight of his life in U.S. trialFTX founder Sam Bankman\u002DFried faces a legal reckoning in proceedings that will lay bare the collapse of his empire. Find out more.
Lire la suite »
FTX founder Sam Bankman-Fried prepares for fight of his life in U.S. trialFTX founder Sam Bankman\u002DFried faces a legal reckoning in proceedings that will lay bare the collapse of his empire. Find out more.
Lire la suite »
Sam Bankman-Fried heads for trial on charges of stealing billions from FTX usersFederal prosecutors say Sam Bankman-Fried embezzled from FTX customers since its founding in 2019 through its November 2022 bankruptcy in order to prop up his hedge fund Alameda Research
Lire la suite »
Sam Bankman-Fried trial: What charges does he face over FTX’s collapse?Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led.
Lire la suite »
Sam Bankman-Fried faces crypto-crash fatigue with potential jurors in FTX trialAt least five potential jurors told a judge that they or relatives lost money on crypto, highlighting a public-perception challenge for the FTX founder in his criminal trial.
Lire la suite »
Sam Bankman-Fried and the spectacular collapse of FTX: Here’s a rundownSam Bankman-Fried faces multiple charges for his alleged involvement in the collapse and subsequent bankruptcy of crypto exchange FTX.
Lire la suite »