Sam Bankman-Fried took the stand in his felony trial right now in an try and keep away from a long time in jail for alleged fraud at cryptocurrency change FTX and its affiliate Alameda Analysis.
Offering testimony has been known as a dangerous transfer for Bankman-Fried by many authorized observers. After answering questions posted by his personal attorneys, Bankman-Fried should face cross-examination from federal prosecutors. However after three weeks by which US authorities attorneys laid out their case, together with testimony from former FTX and Alameda executives, Bankman-Fried’s authorized workforce introduced yesterday that he would take the stand.
At this time’s testimony was uncommon as a result of US District Decide Lewis Kaplan despatched the jury residence for the day to conduct a listening to on whether or not sure components of his testimony are admissible. “Meaning Bankman-Fried will give a few of his testimony to the decide with out the jury current. The decide will then determine whether or not Bankman-Fried is allowed to say the identical testimony in entrance of a jury,” The Wall Avenue Journal wrote in its reside protection. The trial isn’t being streamed by way of audio or video.
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