Former FTX CEO Sam Bankman-Fried testified Thursday without the jury present as the judge weighed whether to permit his testimony about the role of FTX lawyers in key decisions.
FTX founder and former CEO Sam Bankman-Fried testified on Thursday without the jury present at his federal fraud trial that the lawyers for his bankrupt cryptocurrency exchange were involved in key decisions as he sought to distance himself from wrongdoing in the case.
She asked Bankman-Fried if he ever talked with lawyers about the "permissibility" of Alameda spending the deposits, he paused before saying, "I don’t recall any conversations that were contemporaneous and phrased that way." Although Bankman-Fried took the stand Thursday, he could still opt against testifying in front of the jury at a later date and his defense team could see it as a test run for how he reacts to tough questioning from the prosecution.
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