Shifting Blame, Tough Questions, Evasive Answers: SBF Testimony
- Crypto King set for last day on stand in criminal fraud trial
- Bankman-Fried describes bigger role than he’d initially said
Sam Bankman-Fried arrives at Manhattan Federal Court in June.
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FTX co-founder Sam Bankman-Fried will likely finish testifying in his criminal fraud trial Tuesday, giving federal prosecutors their last chance to grill the onetime King of Crypto about the spectacular collapse of his business empire and billions of dollars in customer losses.
While Bankman-Fried appeared confident and sure of his answers when he was questioned on the stand by his defense lawyers, his demeanor shifted after Assistant US Attorney Danielle Sassoon got her chance Monday. He evaded many of Sassoon’s queries under cross-examination and ultimately acknowledged he was aware or involved in key decisions at the FTX cryptocurrency exchange.