Who is Sam Bankman-fried?

FTX founder Sam Bankman-Fried, pictured centre, faces more than 100 years in prison if found guilty [File: Rebecca Blackwell/AP Photo] The trial of disgraced crypto tycoon Sam Bankman-Fried is set to open on October 3 in New York after a whirlwind year.

How long will Sam Bankman-fried's FTX trial last?

But then, in November 2022, FTX unravelled when a run on deposits and falling crypto prices left the company with a $US8 billion ($11 billion) shortfall. Sam Bankman-Fried's trial is expected to last up to six weeks. (Reuters: FTX/Handout; Reuters: Dado Ruvic/Illustration)

Why did Bankman-fried activate a secret FTX borrowing facility?

Wang added that a secret and unique borrowing facility for Alameda was activated the same day — July 31 2019 — that Bankman-Fried took to Twitter to assure FTX users that the trading firm’s accounts were treated “just like everyone else’s” on the crypto exchange.

Why did Bankman-fried nominate John Ray as FTX chief executive?

Bankman-Fried said he was pressured into filing for bankruptcy and into nominating John Ray as chief executive of FTX in November by Sullivan and Cromwell lawyers who were advising his firm at the time, according to a draft of his testimony to Congress seen by Reuters that he had prepared to give on Tuesday.