Sam Bankman-Fried will take the stand at his own trial, his legal counsel has confirmed. The founder of stricken crypto exchange FTX has endured three weeks of bruising testimony in federal court from ex-colleagues, peers, and other witnesses. But Bankman-Fried will now take the opportunity to relay his own version of events to the jury.
” Bankman-Fried may be “caught flat-footed,” says LaVigne, by a piece of evidence that undermines his telling of events—and if the government can demonstrate he has lied on the stand, it can be used as ammunition in the final stages of the trial. In the event he is convicted, meanwhile, the judge would take into account any perjury in sentencing. To an extent, however, Bankman-Fried was left with little choice but to defy conventional wisdom and take the stand.
Sam Bankman-Fried FTX Crypto Exchange Trial Testimony
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