Prosecutor cross-examines Sam Bankman-Fried at trial of FTX founder

A prosecutor has begun cross-examining Sam Bankman-Fried at a New York City trial, attempting to attack his credibility by highlighting public statements he made before and after the FTX cryptocurrency exchange he founded filed for bankruptcy late last year when it could no longer process billions of dollars in withdrawals.

Assistant US attorney Danielle Sassoon confronted Bankman-Fried with instances in which he had promised customers that their assets would be safe and that they could demand those assets be returned at any time.