SBF Testifies For Second Day in FTX Fraud Trial, Denies Stealing Billions as Prosecutors Promise Star Witness Against Crypto King
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Sam Bankman-Fried is testifying for a second day in his fraud trial related to the collapse of crypto exchange FTX. He maintains he did not defraud anyone.
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Prosecutors allege SBF stole billions from FTX customers to enrich himself and buy luxury property. His lawyers say he made mistakes but did not commit crimes.
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SBF's ex-girlfriend Caroline Ellison, former CEO of Alameda, is expected to be a star witness for the prosecution.
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SBF has seemed confident under questioning from his lawyers but agitated and evasive with prosecutors. The judge has urged him to answer questions directly.
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SBF is being held at a federal jail in Brooklyn pending trial, where he is reportedly friendly with other high-profile detainees. His trademark long hair is now shorn short.