International Business News: Sam Bankman-Fried has little to lose by bucking conventional wisdom and taking the stand at his criminal fraud trial, following weeks of testimony tha
Bankman-Fried has pleaded not guilty to charges he looted billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, make speculative venture investments, and donate more than $100 million to US political candidates and campaigns.
According to Wang, the special privileges granted to Bankman-Fried s hedge fund Alameda Research included a $65-billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow.
collapsing and major roads underwater. the government has declared three days of national mourning. the founder of the collapsed ftx cryptocurrency exchange, sam bankman fried, has been remanded in custody in the bahamas after being accused of one of the biggest financialfrauds in us history. the us authorities have filed civil and criminal charges against him. he ll face an extradition hearing in february. a woman accused of killing her two children then hiding their bodies in suitcases has entered not guilty pleas at a court in new zealand. the woman, who hasn t been publicly identified, was extradited from south korea last month. peru s defence minister says the armed forces will take control of key infrastructure such as airports as protests continue against the ousting of the former president, pedro castillo. earlier, a court rejected an appeal by mr castillo to be released following his detention on charges of rebellion and conspiracy. figures released later
mpox this is bbc news with the latest business headlines for viewers in the uk and around the world. calm after the storm heavy police presence reduces the protests across china, but the situation remains tense. we ll have the latest and market reaction. another crypto casualty blockfi becomes the latest firm to file for bankruptcy, blaming over exposure to the ftx cryptocurrency exchange. elon musk takes a bite out of apple, claiming the tech giant has stopped advertising on twitter and could block the network from its apps. and turbulent times for australia s aviation industry, as consumer groups ramp up the pressure on carriers to pay compensation for delayed or cancelled flights.