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The Independent UK

National

Bevan Hurley

Sam Bankman-Fried on the stand: ‘A lot of people got hurt’

Sam Bankman-Fried FTX Crypto Alameda Alameda Research Gary Wang Jane Rosenberg Mark Cohen Binance

REUTERS/Jane Rosenberg

Sam Bankman-Fried admitted making “a number of mistakes” but denied stealing from FTX customers as he took the stand at his multi-billion dollar fraud and money-laundering trial on Friday morning.

“A lot of people got hurt,” Mr Bankman-Fried said as he opened his testimony in a high-stakes move to try to avoid decades in prison over the collapse of his now-bankrupt FTX crypto exchange.

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