Former crypto CEO Sam Bankman-Fried has appeared in a New York court to answer to charges that his bankrupted financial empire was “built on lies”.
Prosecutors told the court on Wednesday that the former FTX boss stole billions from clients and investors to “commit fraud on a massive scale”.
His lawyers deny all charges, saying the so-called “crypto king” is a “math nerd” who was acting in “good faith”.
His lawyers deny all charges, saying the so-called “crypto king” is a “math nerd” who was acting in “good faith”.
Mr Bankman-Fried rose to fame after founding FTX in 2019, once one of the world’s biggest cryptocurrency exchanges.
“It looked like Sam Bankman-Fried was on top of the world,” lead prosecutor Thane Rehn told the packed Manhattan courtroom as the trial kicked off.
“All of it was built on lies.”
Mr Bankman-Fried became a kind of crypto spokesman in Washington DC, known for his curly mop, sports sponsorships and for hobnobbing with celebrities.
Former crypto CEO Sam Bankman-Fried has appeared in a New York court to answer to charges that his bankrupted financial empire was “built on lies”.
His lawyers deny all charges, saying the so-called “crypto king” is a “math nerd” who was acting in “good faith”.
Prosecutors told the court on Wednesday that the former FTX boss stole billions from clients and investors to “commit fraud on a massive scale”.
Mr Bankman-Fried rose to fame after founding FTX in 2019, once one of the world’s biggest cryptocurrency exchanges.
His lawyers deny all charges, saying the so-called “crypto king” is a “math nerd” who was acting in “good faith”.
His lawyers deny all charges, saying the so-called “crypto king” is a “math nerd” who was acting in “good faith”.
Mr Bankman-Fried rose to fame after founding FTX in 2019, once one of the world’s biggest cryptocurrency exchanges.
“It looked like Sam Bankman-Fried was on top of the world,” lead prosecutor Thane Rehn told the packed Manhattan courtroom as the trial kicked off.
“All of it was built on lies.”
Mr Bankman-Fried became a kind of crypto spokesman in Washington DC, known for his curly mop, sports sponsorships and for hobnobbing with celebrities.
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