Sam Bankman-Fried pressed in court over past comments

Posted on AllSides October 31st, 2023
From The Center
Justice, Sam Bankman-Fried, Trial, FTX, Cryptocurrency

US prosecutors have pounced on public statements made by Sam Bankman-Fried as they cross-examined him about the collapse of his crypto empire.

They said there were inconsistencies between his media remarks and how his crypto exchange FTX was managed.

The 31-year-old is accused of lying to investors and lenders and stealing money from customers, with several ex-colleagues testifying against him.

He denies that and says he was acting in good faith but made mistakes.

Prosecutors pushed Mr Bankman-Fried, a high-profile public figure as head of now defunct firm FTX, about...

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