Sam Bankman-Fried Will Take the Stand to Testify in FTX Fraud Trial

FTX founder Sam Bankman-Fried will take the stand to testify in his own defense, his attorney said in a conference call Wednesday. The decision by his legal team sets him up for a cross-examination by federal prosecutors, who will be able to press him on the collapse of his crypto exchange FTX.

Bankman-Fried’s decision to testify came after federal prosecutors and his defense team were able to secure the alleged fraudster an adequate supply of his ADHD medication. His defense had previously argued before the court that inadequate access to the medication impugned his ability to participate in his defense.

The FTX co-founder’s legal team will begin its defense immediately after the government finishes its case, which is expected to take place Thursday morning. Prosecutors have one remaining witness to call, an FBI agent who will serve as a summary witness.

Read the source article at CNBC