Sam Bankman-Fried pressed in court over past comments
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 his past comments and social media posts.
In them he claimed that protecting customer and investor funds was a "priority" for FTX while his crypto trading firm, Alameda Research, was borrowing billions of dollars from FTX customers.
Related Coverage
AllSides Picks
Headline Roundup
New Disclosures Claim Rep. Ilhan Omar's Husband Made Less Than $1000 in 2025
June 23rd, 2026
Red Blue Translator
Social Justice
Headline Roundup
US, Israel and Lebanon Reach Framework Aimed at Disarming Hezbollah
June 27th, 2026