Cryptocurrency news by Protos

Former FTX lawyer expected to testify against Sam Bankman-Fried


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A growing number of associates of former billionaire Sam Bankman-Fried are choosing to cooperate with authorities, who are working to prosecute the FTX co-founder for a slew of criminal fraud charges.


Last month, former Alameda Research chief Caroline Ellison pleaded guilty to defrauding investors. She agreed to cooperate fully with investigators, which spelled bad news for Bankman-Fried. He pleaded not guilty to a series of fraud charges on Tuesday. 


Now, reports indicate that FTX’s former top lawyer Daniel Friedberg has been cooperating for months.

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