Sam Bankman-Fried plans to testify at crypto fraud trial

FTX founder Sam Bankman-Fried plans to testify at his fraud trial, according to his lawyer. The 31-year-old former crypto billionaire faces allegations of misappropriating billions of dollars from customers of his FTX cryptocurrency exchange. Bankman-Fried’s decision to testify introduces the risk of rigorous questioning by prosecutors, who have a wealth of evidence. The prosecution is expected to conclude their presentation soon, and Bankman-Fried’s legal team has indicated their contemplation of this approach.