FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud

 

October 27, 2023



NEW YORK (AP) — Sam Bankman-Fried, testifying at his fraud trial Friday, cast himself as a bumbling cryptocurrency visionary who knew nothing about the industry when he started FTX or about marketing when he became the face of his company and not enough about his businesses to see they were $10 billion in the hole until shortly before they collapsed.

In Manhattan federal court, the onetime cryptocurrency golden boy denied defrauding anyone.

Bankman-Fried, 31, acknowledged some failures, saying he made mistakes, large and small, but he also contested testimony by four former top executives who...



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