Bankman-Fried’s testimony in front of a Manhattan jury on Friday came a day later than anticipated, after the judge overseeing the trial, Lewis Kaplan, unexpectedly sent jurors home on Thursday afternoon in order to determine which parts of Bankman-Fried’s testimony he would allow.
As FTX took off, Cohen suggested, Bankman-Fried got hopelessly overloaded. Cohen noted how FTX went from single-digit millions of daily trading in 2019 to tens of billions in 2022.“Absolutely not,” said Bankman-Fried. He similarly expressed in testimony that he had been overwhelmed by the snowballing amount of media attention he received, saying he “hadn’t intended to be a public face of anything”.
Questioning from Bankman-Fried’s defense team sought to humanize the notoriously quirky executive and explain away some of the company’s unconventional, including employees co-habitating. It also addressed Bankman-Fried’s romantic relationship withEllison has testified that Bankman-Fried masterminded billions of dollars in fraud, and that his disheveled boy genius appearance was a carefully curated facade.
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