What to know about Sam Bankman-Fried and FTX before his crypto financial fraud trial

NPR’s David Gura speaks with Zeke Faux of Bloomberg News about the upcoming trial of Sam Bankman-Fried, the founder of FTX.

AILSA CHANG, HOST:

Disgraced FTX founder Sam Bankman-Fried stands trial this week in New York City. He’s accused of orchestrating one of the largest financial frauds in history. Customers and investors lost billions of dollars investing on his cryptocurrency exchange, which was once valued at $32 billion. Bankman-Fried has maintained his innocence throughout FTX’s implosion. Here’s what he said shortly after his crypto empire crumbled in 2022.

(SOUNDBITE OF ARCHIVED RECORDING)

SAM BANKMAN-FRIED: I didn’t ever try to commit fraud on

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