He has been charged with diverting billions of dollars from his clients and investors.
In this courtroom sketch, FTX founder Sam Bankman-Fried is questioned by his attorney, Mark Cohen as Judge Lewis Kaplan listens on the bench.testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
“We thought we might be able to build the best product on the market” and move the cryptocurrency system forward, he said.“It turned out basically the opposite of that,” and a lot of customers and others got hurt, Bankman-Fried said. Before Bankman-Fried began testifying Friday, Judge Lewis A. Kaplan mostly shut down his lawyers’ attempts to suggest to jurors that Bankman-Fried made many decisions about his businesses after consulting with lawyers.
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