Sam Bankman-Fried, the founder and aged CEO of collapsed crypto change FTX, will testify in his ongoing prison trial, protection attorney Mark Cohen said on a conference call on Wednesday, as reported by numerous media retail outlets.

The as soon as lauded Bankman-Fried modified into charged by U.S. prosecutors in Contemporary york on numerous counts of fraud, conspiracy and cash laundering connected to the Nov. 2022 give intention of FTX after a CoinDesk portray showed a liquidity crisis at sister company Alameda Be taught.

Bankman-Fried’s testimony, which might per chance well well well delivery him as much as incorrect-examination, will delivery up as soon as the authorities finishes outlining its case, which is anticipated to happen Thursday morning. The prosecution has any other look to call, Federal Bureau of Investigations agent Mark Troiano.

As adverse to Bankman-Fried, the protection handiest has plans for a number of witnesses, alongside with financial companies and products knowledgeable Joseph Pimbley of litigation consulting company PF2 Securities and a doable attorney from the Bahamas, the save FTX modified into headquartered.

Bankman-Fried’s protection follows three weeks of the authorities laying out its case, alleging his involvement in defrauding FTX potentialities and patrons and conspiring with fellow executives. About a of Bankman-Fried’s conspirators, alongside with Ryan Salame and Alameda CEO Caroline Ellison, have already pleaded guilty and testified in opposition to the founder, even when the protection plans to save a question to these testimonies.