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Sam Bankman-Fried faces his day in court

From axios.com

All eyes will be on the eagerly awaited trial of former FTX CEO Sam Bankman-Fried, indicted on a litany of fraud charges, which kicks off in New York City on Tuesday. Why it matters: If convicted, Bankman-Fried could become the biggest venture backed-fraudster, surpassing former Theranos CEO Elizabeth Holmes. Flashback: Crypto exchange FTX quickly rose to prominence amid the pandemic, becoming one of the largest by trading volume. At the height of its dominance, the platform attracted top investors and grew its valuation to $32 billion by January 2022. • Then, by the first weekend of November 2022, it all quickly ... (full story)

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