Bitcoin24h $101,745.08-1.50%

Ethereum24h $3,292.74-2.58%

XRP24h $2.24-1.36%

BNB24h $935.16-2.96%

Solana24h $156.07-2.08%

TRON24h $0.2825-1.67%

Dogecoin24h $0.1591-4.67%

Cardano24h $0.5239-4.08%

Hyperliquid24h $38.87-6.95%

Chainlink24h $14.46-4.02%

Sam Bankman-Fried just failed the most important exam of his life

In cross-examination, FTX founder Sam Bankman-Fried came off as evasive — to the point that Judge Kaplan called him out.

Sam Bankman-Fried’s kamikaze defense

Bankman-Fried’s trial is now more about how many people he can take with him, and whether he can sink a boat or two before exploding himself.

Bankman-Fried crumbled under cross-examination, stumbling, mumbling, avoiding questions, and saying he “did not recall” key details.

It appears that, for fallen FTX wonder boy Sam Bankman-Fried, stealing funds from customers was purely rational.

Sam Bankman-Fried’s trading desk empire extended all the way to Thailand through Genesis Block Thailand, a branch of the Hong Kong desk.