Sam Bankman-Fried faces multiple fraud charges in the collapse of his cryptocurrency firm FTX. Bankman-Fried will testify in his defense.
The defense’s second witness has taken the stand. He is Joseph Pimbley, an expert on databases.
He is discussing extracting different data from FTX’s database, including the actual line of credit that the exchange’s sister hedge fund Alameda Research was using. Prosecutors allege that Alameda used the so-called backdoor to withdraw billions of dollars of customer funds from FTX.
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