Former crypto billionaire Sam Bankman-Fried, who is facing seven felony counts for alleged fraud, has chosen to testify in his defense during his trial. This decision may have exposed his hubris and his weakness. Bankman-Fried gained attention for his risk-taking while building the crypto exchange FTX. He pleaded not guilty, claiming to be an overworked entrepreneur. The fate of Bankman-Fried is being decided by New York City jurors, who have heard complex testimony, including statements from co-conspirators. The key question for the jurors is whether they can believe what Bankman-Fried says. Prosecutors have presented evidence contradicting his statements. The jury, which includes a diverse group of individuals, will soon decide if any of Bankman-Fried's actions were criminal.
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00:00 It's Benzinga and here's what's on the block.
00:02 Former crypto billionaire Sam Bankman-Fried, who is facing seven felony counts for alleged
00:07 fraud, has chosen to testify in his defense during his trial.
00:11 This decision may have exposed his hubris and his weakness.
00:15 Bankman-Fried gained attention for his risk-taking while building the crypto exchange FTX.
00:20 He pleaded not guilty, claiming to be an overworked entrepreneur.
00:24 The fate of Bankman-Fried is being decided by New York City jurors, who have heard complex
00:29 testimony including statements from co-conspirators.
00:32 The key question for the jurors is whether they can believe what Bankman-Fried says.
00:37 Prosecutors have presented evidence contradicting his statements.
00:40 The jury, which includes a diverse group of individuals, will soon decide if any of Bankman-Fried's
00:45 actions were criminal.
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