Sam-Bankman Fried (SBF) may testify in his defense in the ongoing court trial on Thursday. On Wednesday, defense attorney Mark Cohen told the court that his team intends to call three witnesses under oath once the case is presented to the jury. Mark also stated that his client Sam-Bankman Fried will be testifying.
While it was previously unknown whether or not SBF would testify, the defense team has now announced that the founder will speak for himself.
“The decision to call your client as a witness is always fraught, but sometimes it’s the right one,” defense attorney Andrew George said, adding that the team took the decision because “his risk from not testifying outweighs his risk from testifying.”
SBF’s team believes he will testify in front of the jury while preserving credibility to answer the prosecutor’s questions.
The court has been provided with significant evidence against SBF in recent weeks, leading to him being at the core of a multi-billion dollar fraud at FTX exchange and its sister business Alameda Research.
Several witnesses have testified against SBF, including Caroline Ellison, the former CEO of Alameda Research, who claimed that Sam encouraged her to commit fraud, which led to the collapse of FTX and Alameda.
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