Bankman-Fried to Testify in His Defense Against Fraud Charges in FTX Collapse

Sam Bankman-Fried to testify in his own defense in the FTX crypto fraud case on Thursday after over 2 weeks of prosecution testimony painting him as a liar.

He faces up to life in prison if convicted on 7 counts of fraud, conspiracy, and money laundering for allegedly misusing up to $10 billion in customer deposits.

Defense says Bankman-Fried acted in "good faith" and didn't intend to defraud FTX customers or investors.

Prosecution presented evidence he knew for months FTX couldn't pay back $8 billion in customer money he used for real estate, investments, donations.

Key witnesses against Bankman-Fried include his ex-girlfriend Caroline Ellison and former top executives Gary Wang and Nishad Singh.