Sam Bankman-Fried wraps up testimony as fraud trial nears end
Prosecutors press Bankman-Fried on how Alameda Research, sister hedge fund to FTX exchange, spent $8bn of customer fundsThe trial of cryptocurrency’s most infamous entrepreneur is near its end, with closing arguments set to begin 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 Tuesday as his cross-examination ended.