Bankman-Fried Faces Fraud Charges as Crypto Collapse Trial Begins
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Sam Bankman-Fried goes on trial Tuesday for fraud and money laundering related to the collapse of his crypto exchange FTX.
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Prosecutors have lined up witnesses and evidence showing Bankman-Fried misled investors and misused customer funds.
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Three former Bankman-Fried associates have pleaded guilty and agreed to testify against him at trial.
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Bankman-Fried faces an uphill battle, with the judge ruling against him on several pretrial motions.
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The trial will offer a window into the risky practices that fueled crypto's meteoric rise.