Sam Bankman-Fried to retake witness stand, face cross-examination in fraud trial

Canada News News

Sam Bankman-Fried to retake witness stand, face cross-examination in fraud trial
Canada Latest News,Canada Headlines
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange,...

NEW YORK - FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange, with prosecutors poised to challenge his assertion that he did not steal billions of dollars in customer funds.

During six hours of testimony on Friday about events earlier in 2022 and in prior years, Bankman-Fried sought to distance himself from specific actions he said the three cooperating witnesses took without his firsthand involvement. He also admitted to making "mistakes" that hurt FTX's customers and employees, but said he never set out to take customers' money.

Hialeah PoliceA 13-year-old Florida boy is set to be tried as an adult after allegedly killing his mother as she slept next to his newborn baby sister, and then sending photos of the gruesome scene to his friends before calling for help. Derek Rosa faces life in prison if convicted of one count of first-degree murder in connection with the Oct. 12 death of his mother.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX Transfers Over $10 Million Worth of SOL Tokens, Bearish Market Indicators for SolanaFTX Transfers Over $10 Million Worth of SOL Tokens, Bearish Market Indicators for SolanaFTX, the infamous crypto exchange, has transferred more than 300,000 SOL tokens worth over $10 million, causing bearish market indicators for Solana.
Read more »

Münchner Schnitzel: A Must-Try Bavarian DelightMünchner Schnitzel: A Must-Try Bavarian DelightInspired by a TV show, the columnist shares a recipe for Münchner schnitzel, a Bavarian-style dish. The pork cutlet is pounded thin, spread with sweet mustard and horseradish, breaded, fried, and basted with melted butter. A delicious and unique flavor combination.
Read more »

Worldcoin: Preserving Digital Identity in the Crypto-SpaceWorldcoin: Preserving Digital Identity in the Crypto-SpaceWorldcoin, a project in development for three years, aims to preserve digital identity while solving identity-based challenges in the crypto-industry. Spearheaded by Sam Altman, the founder of ChatGPT, Worldcoin utilizes eye-scanning technology and offers a token for payments and transfers. This article explores Worldcoin's potential and ethical concerns, with insights from ChatGPT.
Read more »

South Africa Defeats New Zealand to Win Fourth Rugby World Cup TitleSouth Africa Defeats New Zealand to Win Fourth Rugby World Cup TitleSouth Africa secured a record fourth Rugby World Cup title by defeating New Zealand 12-11 in the final. The victory was achieved after All Blacks captain Sam Cane received a red card. Flyhalf Handre Pollard scored all the points for the Springboks, denying New Zealand their chance to win a fourth title. South African captain Siya Kolisi expressed gratitude to the country and celebrated with tennis great Roger Federer.
Read more »

New Zealand Prime Minister praises All Blacks' resilience despite Rugby World Cup defeatNew Zealand Prime Minister praises All Blacks' resilience despite Rugby World Cup defeatNew Zealand Prime Minister Chris Hipkins commends the All Blacks for their determination and resilience despite their narrow defeat against South Africa in the Rugby World Cup final. The All Blacks reached the final after defying low expectations and overcoming previous losses. Hipkins congratulates coach Ian Foster, captain Sam Cane, and the team for their achievements.
Read more »

Former Trump Attorney Testifies Against Him in Fraud TrialFormer Trump Attorney Testifies Against Him in Fraud TrialMichael Cohen, once a loyal supporter of Donald Trump, testified as a key witness in a fraud trial that could potentially harm Trump's business empire. This drastic change in loyalty highlights the ongoing legal troubles faced by the former president.
Read more »



Render Time: 2025-02-13 22:53:39