Author: Larry Neumeister, The Associated Press

[ad_1] Prosecutors went to the guts of their case in opposition to FTX founder Sam Bankman-Fried on Thursday as the corporate’s co-founder started his testimony, telling a New York jury that he and Bankman-Fried dedicated monetary crimes and lied to the general public earlier than the cryptocurrency buying and selling platform collapsed final yr. Gary Wang, 30, stated he dedicated wire, securities and commodities fraud because the chief technical officer at FTX after additionally sharing possession in Alameda Analysis, a cryptocurrency hedge fund that he and Bankman-Fried began in 2017 and ultimately used to withdraw $8 billion in FTX funds illegally. He…

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