Bankman-Fried acknowledges in court customers hurt but denies fraud
- Sam Bankman-Fried, the founder of crypto exchange FTX, has testified in court, pleading not guilty to charges of fraud, securities fraud, and money laundering.
- Bankman-Fried admitted to making mistakes and not having proper risk management protocols in place, contributing to the losses suffered by customers and investors.
- The prosecution presented damning evidence, including testimony from former executives and internal documents, suggesting Bankman-Fried's involvement in diverting funds for personal use.
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Coverage Details
Total News Sources0
Leaning Left17Leaning Right10Center17Last UpdatedBias Distribution39% Left, 39% Center
Bias Distribution
- 39% of the sources lean Left, 39% of the sources are Center
39% Left
L 39%
C 38%
R 23%
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