FTX Lawsuit: Sam Bankman-Fried lied under oath at trial

Sam Bankman-Fried, the former cryptocurrency mogul, faced serious accusations during his sentencing hearing on Thursday. U.S. District Judge Lewis Kaplan announced that Bankman-Fried had lied under oath during his fraud trial last year. This development marks a critical juncture in the ongoing FTX lawsuit. The judge found Bankman-Fried guilty of perjury, stating he was aware his hedge fund used customer deposits from FTX, the cryptocurrency exchange he founded.