FTX founder Sam Bankman-Fried will testify during his criminal trial, hoping to convince a jury that he is not guilty of seven fraud and conspiracy charges, his defense lawyers said during a teleconference on Wednesday.
The revelation comes as federal prosecutors are expected to wind their case down. They’ve signaled their final witness will be called to the stand on Thursday. After that, Bankman-Fried’s defense attorneys will have the opportunity to present their telling of FTX’s collapse.
Bankman-Fried will testify after the defense presents three witnesses, his lead attorney, Mark Cohen of Cohen & Gresser, told the court. The jury has heard at length from Bankman-Fried’s inner circle, yet the former crypto mogul has remained silent so far.
Editors note: This is a developing story and will be updated.
Edited by Stacy Elliott.
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Source: https://decrypt.co/203261/sam-bankman-fried-will-testify
