Sam Bankman-Fried Testifies That He Made 'Larger Mistakes' at FTX
Speaking in his own defense at his criminal trial, the FTX founder denied he had committed fraud but acknowledged missteps that hurt the cryptocurrency exchange's customers.
By David Yaffe-Bellany, Matthew Goldstein and J. Edward Moreno
Reporting from the Daniel Patrick Moynihan U.S. Courthouse in Manhattan
October 27, 2023
"The risks that come with testifying are massive and numerous,” said Daniel Silva, a former federal prosecutor now in private practice. “S.B.F. will be subject to extensive impeachment from prosecutors based on the significant public and private statements he has made."
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