The world heard SBF testify today, but the jury will hear it tomorrow.
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $13 billion hole in his crypto empire, according to Bloomberg. Bankman-Fried is on trial for allegedly defrauding FTX customers out of billions of dollars.
However, there was little evidence presented Thursday to suggest anyone took as much responsibility as SBF. On Friday morning, the jury will return to the courtroom. Judge Kaplan will determine what is permissible for jurors to hear, however, the testimony was live-tweeted to the world, and they heard every detail. The defense of Bankman-Fried will continue with presenting a case that started out just as you would have expected: chaotic and disorganized.
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