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In 50 Words: Sam Bankman-Fried’s lawyers deny claims of reckless investments
Lawyers of Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, argued during his trial that his investments were not reckless.
Former executive Nishad Singh has testified against him, stating that Bankman-Fried’s marketing and business decisions were excessive and flashy. Bankman-Fried is currently on trial for fraud.
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