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The Guardian - US

Business

Blake Montgomery

Sam Bankman-Fried wraps up testimony as fraud trial nears end

Sam Bankman-Fried FTX Alameda Alameda Research Caroline Ellison Gary Wang Cryptocurrency United States

Sam Bankman-Fried in court on Tuesday in this artist’s sketch. Closing arguments are set to begin on Wednesday. — Sam Bankman-Fried in court on Tuesday in this artist’s sketch. Closing arguments are set to begin on Wednesday. Photograph: Jane Rosenberg/Reuters

The trial of cryptocurrency’s most infamous entrepreneur is near its end, with closing arguments set to begin on Wednesday.

Sam Bankman-Fried, the founder of the now bankrupt cryptocurrency exchange FTX, stepped down from the witness stand in Manhattan federal court shortly before noon on Tuesday as his cross-examination ended.

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