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NEW YORK - A U.S. judge on Wednesday overruled objections by Sam Bankman-Fried's lawyers and allowed jurors in the FTX founder's fraud trial to see a profane message he sent to a reporter days after the cryptocurrency exchange collapsed complaining that regulators"make everything worse."
In the trial, which began on Oct. 3, Bankman-Fried stands accused of looting billions of dollars in FTX customer funds to make investments, donate to U.S. political campaigns and prop up his hedge fund, Alameda Research. The former billionaire has pleaded not guilty to two counts of fraud and five counts of conspiracy. Bankman-Fried, 31, could face decades in prison if convicted.
In one of the messages, Bankman-Fried told the reporter,"fuck regulators" and quickly added in another message,"they make everything worse."
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