- Sam Bankman-Fried will testify in his own defense in the FTX criminal trial in an attempt to prove his innocence against fraud and conspiracy charges.
- The prosecution is resting its case after calling just one more witness, while Bankman-Fried’s defense plans to call him and a few others to create reasonable doubt.
- As the high-profile trial nears its end, Bankman-Fried’s testimony will be a pivotal moment as jurors decide if he is guilty of the charges against him.
The founder of the now-defunct cryptocurrency exchange FTX will testify in his criminal trial in an attempt to prove his innocence. Sam Bankman-Fried faces charges of fraud and conspiracy to commit fraud related to FTX’s collapse.
Prosecution Rests Case After Calling Final Witness
The prosecution is expected to rest its case very soon after calling just one more witness – FBI agent Mark Troiano. Over the past three weeks, prosecutors have argued that Bankman-Fried defrauded FTX customers and investors and tried to cover up his actions.
Defense Plans to Call Bankman-Fried and a Few Other Witnesses
Bankman-Fried’s attorneys plan to call him along with just a handful of other witnesses, including a financial services expert. The defense’s goal is to create reasonable doubt in jurors’ minds about Bankman-Fried’s guilt.
Bankman-Fried Appeals Directly to Jury
Now Bankman-Fried will have a chance to tell the jury his side of the story. While prosecutors must definitively prove his guilt, the defense only needs to establish reasonable doubt that he committed the crimes.
Conclusion
The high-profile trial is nearing its final stages. Bankman-Fried’s testimony will be a crucial moment as jurors decide if he is guilty of the fraud and conspiracy charges he faces.
