Posted 10/25/2023, 3:56:15 PM
Bankman-Fried to Testify in Own Defense Thursday, Denies Knowing of FTX Customer Fund Misuse
- Sam Bankman-Fried expected to testify in own defense as early as Thursday, lawyers signal
- Prosecutors allege Bankman-Fried illegally used FTX customer funds for real estate, investments, political donations
- Developer testified Alameda owed FTX customers $8B, called it "concerning"
- FTX's former general counsel said customer funds could not be commingled, belonged to customers
- In ABC interview, Bankman-Fried said he didn't know of improper use of customer funds, wished he'd taken more responsibility