Former crypto CEO Sam Bankman-Fried has appeared in a New York court to answer to charges that his bankrupted financial empire was “built on lies”.
Prosecutors told the court on Wednesday that the former FTX boss stole billions from clients and investors to “commit fraud on a massive scale”.
His lawyers deny all charges, saying the so-called “crypto king” is a “math nerd” who was acting in “good faith”.
The blockbuster trial is expected to last about six weeks.
