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Fortune
Fortune
Leo Schwartz

Bankman-Fried’s lieutenants say he directed them to commit crimes. He portrayed himself as a hands-off CEO wary of being ‘distracting’

Courtroom sketch of Sam Bankman-Fried (Credit: Jane Rosenberg—Reuters)

As the trial of Sam Bankman-Fried nears its conclusion, the disgraced crypto founder took the stand one final time on Tuesday to face cross-examination under Assistant U.S. Attorney Danielle Sassoon.

The first few hours of Sassoon's scrutiny came on Monday, with Bankman-Fried claiming ignorance as she confronted him with past statements he'd made to reporters and coworkers, all revealing that he'd allowed Alameda, the trading firm for his exchange FTX, to have special privileges, eventually leading to the collapse of his crypto empire in November 2022.

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