Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy. Read more at straitstimes.com.
NEW YORK - FTX founder Sam Bankman-Fried was challenged on Monday over interviews following the cryptocurrency exchange’s collapse, in which he said he was not involved in his Alameda Research hedge fund’s trading.
Sassoon then played him a clip from a podcast from December 2022 in which he said he had not been involved in trading at Alameda “for years” and showed a Financial Times article from the same month in which he was reported as saying he had walled himself off from Alameda’s trading. Under questioning by Sassoon, he often said he could not recall specific details. “I’m not sure exactly what you are referring to, I made a lot of public statements,” Bankman-Fried said when asked whether he had touted FTX as a safe platform.Earlier on Monday, under questioning by his own defense lawyer Mark Cohen for a second day, Bankman-Fried sought to dispute prosecutors’ argument he misled the public about the exchange’s health to try to slow a tsunami of customer withdrawals.
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