The trial over Sam Bankman-Fried and the collapse of crypto trading firm FTX that erased $1 billion in customer funds resumes Friday with Bankman-Fried expected to take the stand for a second day, but this time possibly in front of a jury. FOX Business is providing real-time updates from the courtroom.
After Thursday's test run during the hearing, Bankman-Fried may face a jury 1-1. Judge Lewis A. Kaplan used his first appearance to determine whether the topics are admissible. FOX Business' team covering the trial noted he was calm but with the prosecution, he paused frequently, looked nervous and avoided answering questions directly.
Bankman-Fried's team could also decide to not let him testisfy. Among the key points from Thursday's trial: Bankman-Fried said he can’t remember many conversations Ellison, Wang and Singh that they say occurred and attempted to distance himself from allegations he was involved in the company at every turn. A direct & cross examination will take day, and could bleed into Monday but the trial is expected to wrap early next week.
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