plans to testify at his fraud trial, his lawyer told a federal judge Wednesday, ending speculation over whether a man who embraced the spotlight during his years atop the cryptocurrency world could remain silent after prosecutors portrayed him as a greedy entrepreneur who stole billions of dollars from customers.
The judge told him that he didn't have to say yet whether Bankman-Fried would testify, but Cohen volunteered that he would. He seemed to enjoy publicity as Alameda Research, a hedge fund he started in 2017, and FTX, a crypto exchange that began operating n 2019, became so prominent in the crypto industry that celebrities including NFL quarterback Tom Brady and comedian Larry David did commercials that put a shine on what appeared to be a stunning success story.
"Only he's capable of telling the story he wants to tell to the jury," said Rachel Maimin, a former federal prosecutor in Manhattan who is now in private practice at Lowenstein Sandler LLP.
Source: Law Daily Report (lawdailyreport.net)
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