Reuters/Shannon Stapleton
Before Sam Bankman-Fried was indicted on fraud charges, he positioned himself as a global change agent, pouring billions of dollars into pandemic research, political campaigns, and cutting-edge technology firms.
Now, after three weeks of brutal testimony—in which three of his former executives threw him under the bus—he is once again styling himself as savior. Only this time, he’s trying to save himself.
On Wednesday, the former crypto billionaire’s attorneys announced that he will testify in his defense, perhaps as soon as Thursday. Several legal experts told The Daily Beast the idea is a massive gamble that could potentially seal his fate and send him to prison for the rest of his life.