Trial of the “king of crypto”: Sam Bankman-Fried’s counterattack

Trial of the king of crypto Sam Bankman Frieds counterattack

Sam Bankman-Fried counterattacked on the first day of his hearing in the FTX trial which opened at the beginning of October in New York. A trial to shed light on the bankruptcy, a year ago, of this cryptocurrency exchange platform. Sam Bankman-Fried is on trial for having organized, without the knowledge of his clients, the illegal use of funds deposited on FTX. Up to $14 billion was siphoned off to fuel the often risky activities of his investment firm Alameda Research. Sam Bankman-Fried tried on Friday to blur the picture painted by the prosecution which presented him as the mastermind of a manipulation.

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