Can Sun, previously FTX’s general counsel and pivotal witness in Sam Bankman-Fried’s trial, spearheads Trek Labs
Bankman-Fried was accused of defrauding FTX’s customers, lenders, and investors, leading to the collapse of the cryptocurrency exchange and its sister trading firm Alameda Research.
Caroline Ellison testifies that SBF influenced her to commit fraud, revealing details of illicit activities and FTX’s use of customer funds.
FTX’s former CEO Sam Bankman-Fried stands trial for cryptocurrency fraud charges, facing allegations of embezzlement and deception.
After going back to US to face his cases, SBF was released on a $250M bail. While Alameda CEO Ellison and FTX co-founder Wang have pleaded guilty.