After students and teachers shown with toy guns in schools, PM Anwar says Putrajaya will keep Palestine solidarity events in check
FTX founder Sam Bankman-Fried is sworn in as he testifies in his fraud trial over the collapse of the bankrupt cryptocurrency exchange, at federal court in New York City October 27, 2023 in this courtroom sketch. — Reuters picNEW YORK, Oct 27 — Sam Bankman-Fried, testifying in his own defence at his fraud trial today, acknowledged that a “lot of people got hurt” when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer funds.
Prosecutors accuse Bankman-Fried of using FTX customer funds to prop up his crypto-focused hedge fund, Alameda Research, make speculative venture investments and donate more than US$100 million to US political campaigns. He also faces charges of scheming to cheat Alameda’s lenders and FTX investors.Bankman-Fried’s trial, which began on October 3, is drawing to a close nearly a year after FTX collapsed amid a wave of customer withdrawals.
He described playing “lots of board games” when he lived in an alcohol-free, “nerdy” fraternity house at the Massachusetts Institute of Technology, where he graduated with a physics degree in 2014 — part of an effort to push back on what his lawyers have termed prosecutors’ portrayal of him as a “cartoon of a villain.”
Source: Digital Coin News (digitalcoinnews.net)
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