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Business Matters: FTX: 'King of Crypto' testifies to judge in fraud trial

FTX: 'King of Crypto' testifies to judge in fraud trial

27/10/2023 GMT

BBC World Service - Business Matters, FTX: 'King of Crypto' testifies to judge in fraud trial

'King of Crypto', Sam Bankman-Fried, testifies to a judge at his trial in fraud trail

31-year-old 'King of Crypto' is accused of lying to investors and lenders and stealing money from customers of his now-bankrupt cryptocurrency exchange, FTX.

Former crypto boss Sam Bankman-Fried has been testifying to a judge at his trial after the jury was sent home. The former entrepreneur was asked to testify to Judge Lewis Kaplan to determine which parts of his testimony can be put to the jury.

The PlayStation 5's manufacturer, Sony, has announced that the supply chain issues that beset the device for three years have been fixed.

Leanna Byrne discusses this and more of the business news from around with Yoko Ishikura, Professor Emeritus at Hitotsubashi University and currently a member of the World Economic Forum’s Expert Network based in Japan and in Colombia we have Sergio Guzmán, Director at Colombia Risk Analysis. 

(FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, United States on June 15, 2023. Photo Credit: Fatih Aktas/Anadolu Agency via Getty Images)

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