BitcoinWarrior

News and Education

Ex-Crypto boss Bankman-Fried’s trial nears end: ‘I deeply regret not taking a deeper look’ at claims

By City A.M. Reporter The closing arguments are set to begin on Wednesday in the trial of former Crypto boss Sam Bankman-Fried’s fraud trial in New York, The founder of the now bankrupt cryptocurrency exchange FTX stepped down from the witness stand in Manhattan federal court shortly before noon on Tuesday as his cross-examination ended. Bankman-Fried is charged with seven counts of wire fraud and conspiracy to launder money for his role in the collapse of the cryptocurrency exchange, though has pleaded not guilty. Prosecutors allege he “misappropriated and embezzled” billions of dollars from …