The onetime cryptocurrency golden boy lost his businesses and his reputation as a pioneering entrepreneur in an emerging facet of finance when a rush of customers withdrew their money last year, exposing that billions of dollars were missing.
Asked by his lawyer, Mark Cohen, if he defrauded anyone or took customers' funds, Bankman-Fried answered, "No I did not." After the jury was sent home Thursday, Bankman-Fried testified in front of the judge about his communications with lawyers as he built his cryptocurrency empire. The executives testified that Bankman-Fried directed them to spend billions of dollars taken from the accounts of FTX customers and funneled through Alameda Research, a hedge fund he started in 2017, two years before he created the FTX cryptocurrency exchange.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.
Snow is expected to hit parts of eastern Canada this weekend while other communities could break a 23-year heat record.Police in Jamaica are investigating the death of an Ajax, Ont. businessman who investigators say was found with fatal gunshot wounds in Clarendon.Pyrotechnics lit up the night sky on Highway 1 near Hope, B.C., Thursday after a semi rear-ended a pickup truck that was towing a trailer carrying a 'large quantity' of fireworks, according to authorities.