FTX Lawsuit: Sam Bankman-Fried lied under oath at trial

FTX Lawsuit: Sam Bankman-Fried lied under oath at trial

Sam Bankman-Fried, the former cryptocurrency mogul, faced serious accusations during his sentencing hearing on Thursday. U.S. District Judge Lewis Kaplan announced that Bankman-Fried had lied under oath during his fraud trial last year. This development marks a critical juncture in the ongoing FTX lawsuit. The judge found Bankman-Fried guilty of perjury, stating he was aware his hedge fund used customer deposits from FTX, the cryptocurrency exchange he founded.
The FTX lawsuit has captured widespread attention, highlighting the trial’s significance in financial fraud history. Bankman-Fried, at 32, risks decades in prison after a jury convicted him on November 2. He faced seven charges of fraud and conspiracy related to FTX’s collapse in November 2022. Experts predict the sentence could span 20 to 30 years, underscoring the gravity of the offenses.
Sam Bankman-Fried’s Claims Challenged in FTX Lawsuit
During the sentencing hearing, Judge Kaplan outlined the extensive financial dama

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