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Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWireNEW YORK - FTX cryptocurrency exchange founder Sam Bankman-Fried plans to testify in his own defense at his criminal fraud trial, defense lawyer Mark Cohen said during a telephone hearing on Wednesday.
Bankman-Fried has pleaded not guilty to charges he looted billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, make speculative venture investments, and donate more than $100 million to U.S. political candidates and campaigns. Three former members of Bankman-Fried's inner circle at FTX and Alameda testified during his trial earlier this month that he directed them to commit fraud.
Prosecutors are expected to rest their case on Thursday after a weeklong break. The defense is then expected to begin presenting its case.
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