It wasn’t until October 2022 that Bankman-Fried became aware of Alameda’s approximately $8 billion liability, prompting him to conduct a deeper analysis to understand the situation better. By mid-November, FTX was bankrupt, while Bankman-Fried, as he testified, was incessantly traveling to support the business, leaving the jury to speculate about whether Ellison’s actions derailed Alameda during his absence.
A High-Stakes Legal Duel Unfolds
The trial of Sam Bankman-Fried continued in Lower Manhattan, with the focus shifting to his direct testimony. As the morning unfolded, it became evident that the trial held a promise of an intense legal battle, where the prosecution sought to scrutinize every word the defendant uttered. Whether they plan to confront him head-on or gather ammunition for the cross-examination remains to be seen, but the courtroom is electrified with anticipation.
Stay tuned for more updates as Day 15 of Bankman-Fried’s trial unfolds, revealing the complex narrative of this high-stakes legal battle.
