FTX co-founder Sam Bankman-Fried faces seven federal charges in a criminal trial taking place in Manhattan. The former crypto exchange exec is accused of misappropriating billions of dollars of customer funds for real estate, donations, political contributions and investments.
The current state of play: Bankman-Fried took the stand on Thursday, though no jury were present. He’s expected to take the stand yet again today, this time in front of the jury. After SBF wraps up his testimony, the defense’s case is pretty much wrapped, which means the jury can mull over the case before delivering a verdict. Read more here.
10 am ET: Sam Bankman-Fried is supposed to retake the stand… Read more on Blockworks