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News Explorer — Sam Bankman-Fried Denies Fraud But Admits to Mistakes at FTX

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Oct 27, 5:44 pm
www.nytimes.com

Sam Bankman-Fried Denies Fraud But Admits to Mistakes at FTX

Sam Bankman-Fried, the founder of FTX, testified at his criminal trial, denying fraud but admitting to mistakes that harmed FTX customers. Against his lawyers' advice, he went on a press tour to explain the collapse of his cryptocurrency empire and continued defending his actions even after being charged with fraud and placed under house arrest. Now, he has taken the stand in his own defense at his trial in federal court in New York.

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