Bankman-Fried acknowledges in court customers hurt but denies fraud

Times of India

Lean Right

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

Sam Bankman-Fried testified at his fraud trial, denying defrauding anyone and instead portraying himself as an inexperienced cryptocurrency visionary. He acknowledged making mistakes but disputed the claims made by former executives that he was responsible for the collapse of his businesses. Bankman-Fried admitted to lacking knowledge about the industry when he started FTX and about marketing when he became the face of his company. He also claim…