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Bankman-Fried, taking the witness stand hours after the prosecution rested its case presented over 12 trial days, gave testimony that fit with the defense argument that he acted in good faith while running FTX, which collapsed in November 2022 following a wave of customer withdrawals.
Bankman-Fried, 31, has pleaded not guilty to charges he used FTX customer money from the exchange's 2019 launch until its November 2022 bankruptcy in order to prop up his hedge fund, Alameda Research, buy luxury real estate, and donate to US political campaigns and candidates.
Alejandra Guajardo, the Salvadoran beauty queen set to compete at the global contest's 71st annual event in New Orleans, shared photos and videos of herself in the costume on Instagram late Wednesday, complete with gold booted stilettos.
Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5 percent to $871 billion since Jan. 1, but it's still down over 57 percent from this time last year.
The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com.
Some market watchers point to the decision of BlackRock to launch a private bitcoin investment product specifically for institutional investors as a strong sign that demand remains strong and could drag crypto out of the doldrums.
