Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder

Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder

a year ago
Anonymous $HYlO-3b458

https://apnews.com/article/sam-bankman-fried-ftx-crypto-bitcoin-ba0f695ca01e29b3b05b0ef16cdaaeef

NEW YORK (AP) — A prosecutor began cross-examining Sam Bankman-Fried at a New York City trial on Monday, attacking his credibility by highlighting public statements he made before and after the FTX cryptocurrency exchange he founded filed for bankruptcy late last year when it could no longer process billions of dollars in withdrawals.

Assistant U.S. Attorney Danielle Sassoon confronted Bankman-Fried with instances in which he'd promised customers that their assets would be safe and that they could demand those assets to be returned at any time.

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