The testimony of Sam Bankman-Fried resumed after a lunch break. The FTX founder has so far spoken confidently on the stand Friday. It has been a far better showing than when he had a rehearsal of sorts the day before.
Bankman-Fried had to testify without the jury present on Thursday, but he stumbled at times to explain himself under questioning by prosecutors. The true test for Bankman-Fried will come under cross-examination, when prosecutors will get a shot to ask him about his past comments and actions. The cross-examination is expected to happen on Monday.
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LIVE: Sam Bankman-Fried Prepares to Testify Today in FTX Fraud TrialNikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
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FTX fraud trial of Sam Bankman-FriedThe trial over Sam Bankman-Fried and the collapse of crypto trading firm FTX that erased $1 billion in customer funds resumes Friday with Bankman-Fried expected to take the stand for a second day, but this time possibly in front of a jury. FOX Business is providing real-time updates from the courtroom.
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