Sam Bankman-Fried faces multiple fraud charges in the collapse of his cryptocurrency firm FTX. Bankman-Fried continues his testimony today.
On Friday, U.S. District Judge Lewis Kaplan ruled that most of the FTX founder's proposed testimony on the involvement of FTX lawyers in his decisions and actions couldn’t be said in front of a jury.
The ruling was a blow to Bankman-Fried, whose defense team had hoped to argue that the lawyers' involvement showed he was acting in good faith in circumstances that prosecutors have alleged were crimes. Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. He has pleaded not guilty.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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