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SBF to Testify in Fraud Trial After Onslaught From Inner Circle
Sam Bankman-Fried will take the stand to defend his actions in the lead-up to the collapse of his digital-asset empire, after taking a beating from former colleagues who painted him as the mastermind of a years-long scheme to defraud customers and investors. Bankman-Fried’s lawyers told the judge on Wednesday that their client will testify in his own trial when they start their case later this week. Bankman-Fried, the once respected crypto mogul, is facing decades in prison on charges that he directed the transfer of FTX customer money into Alameda Research, an affiliated hedge fund, for risky investments, ... (full story)