Bankman-Fried Faces Fraud Charges as FTX Collapse Trial Begins

Sam Bankman-Fried faces 7 felony counts related to fraud and money laundering in the collapse of his crypto exchange FTX. His criminal trial starts next week.

Prosecutors allege Bankman-Fried stole billions in customer funds to enrich himself and prop up his hedge fund Alameda Research.

Key witnesses like ex-FTX executives Caroline Ellison, Gary Wang, and Nishad Singh have pleaded guilty and are expected to testify.

After FTX's bankruptcy, Bankman-Fried went on an apology media blitz. He was later arrested in the Bahamas and extradited to the US.

Since being released on bail, Bankman-Fried pushed bail limits by using banned apps and contacting witnesses. His bail was revoked and he's been jailed since August.