The California entrepreneur has pleaded not guilty to conspiracy charges.
FTX founder Sam Bankman-Fried has given evidence at his fraud trial, saying the innovative business he hoped would be the best cryptocurrency product on the market ended up being the opposite and hurting customers.
Asked by his lawyer, Mark Cohen, if he defrauded anyone or took customers’ funds, Bankman-Fried answered: “No I did not.” Prosecutors built their case against Bankman-Fried for three weeks, relying largely on his former top executives, an inner circle of individuals who shared a penthouse apartment in the Bahamas with Bankman-Fried.
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Sam Bankman-Fried: FTX boss testifies in fraud trial - after jury sent homeThe 31-year-old is accused of stealing more than $10bn (£8.2bn) from unsuspecting customers of his FTX cryptocurrency exchange, which collapsed last year. He has pleaded not guilty to two counts of fraud and five counts of conspiracy.
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Sam Bankman-Fried Dodges Fierce Questioning in First Day on The StandFTX CEO Sam Bankman-Fried at an August 2023 bail hearing at Manhattan Federal Court.
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Sam Bankman-Fried takes the standUS moves to deter Iran as Israel prepares to invade Gaza
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Met Police officers sacked for gross misconduct over athlete searchJonathan Clapham and Sam Franks were sacked after it was found they lied about smelling cannabis.
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Metropolitan Police officers sacked for gross misconduct over athlete searchJonathan Clapham and Sam Franks were sacked.
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Metropolitan Police officers sacked for gross misconduct over athlete searchJonathan Clapham and Sam Franks were sacked.
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