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The Guardian - US

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Victoria Bekiempis in New York

FTX co-founder testifies he committed crimes with Sam Bankman-Fried

FTX Sam Bankman-Fried Adam Yedidia Bankman Jane Rosenberg Mark Cohen Tom Brady Alameda Research Crypto

A charcoal drawing of mostly browns and grays, of a man with black hair wearing a suit, and a bright blue, pink and white sign with the word — In a courtroom sketch, Sam Bankman-Fried watches his defense lawyer Mark Cohen make his opening remark in federal court in New York. Photograph: Jane Rosenberg/Reuters

Sam Bankman-Fried’s crypto fraud trial gained steam on Thursday when the co-founder of his fallen exchange, Gary Wang, took the stand as a government witness in Manhattan federal court.

His testimony came as the highly anticipated trial entered its third day. Bankman-Fried faces seven counts on fraud and conspiracy charges in relation to the implosion of his crypto exchange FTX and its related hedge fund, Alameda Research.

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