Analysis

Bankman-Fried's Riskiest Bet Was Taking The Stand

By Rachel Scharf · November 3, 2023, 7:03 PM EDT

Experts say FTX founder Sam Bankman-Fried's decision to take the witness stand at trial was a valid, though risky, tactical move. But in the end, the defendant was unable to convincingly...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

View Full Scorecard

Related Sections

Case Information

Case Title

USA v. BANKMAN-FRIED

Case Number

1:22-cr-00673

Court

New York Southern

Nature of Suit

Date Filed

December 09, 2022

Recent Articles By Rachel