Former FTX CEO Bankman-Fried to Testify in His Defense at Fraud Trial

Sam Bankman-Fried, former CEO of crypto exchange FTX, will testify in his own defense at fraud trial in New York on Thursday
Prosecutors have accused him of lying to investors, stealing customer funds, and hiding financial transfers between FTX and his trading firm Alameda Research
Witnesses including his ex-girlfriend have testified against him, but he likely feels need to tell his side of the story
Testifying is risky as it opens him to questioning by prosecutors and judgement by the jury, but could undermine prosecution's case
Other high profile defendants like Theranos' Holmes have testified, some successfully avoiding conviction while others like Holmes have been found guilty