Bankman-Fried Admits Mistakes But Denies Fraud in FTX Trial Testimony
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Sam Bankman-Fried testified in his fraud trial, admitting mistakes but denying defrauding FTX customers or stealing funds.
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He blamed former Alameda CEO Caroline Ellison for lack of risk management.
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He distanced himself from actions of former colleagues who pleaded guilty.
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He portrayed himself as an aloof CEO who trusted subordinates.
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He blamed Ellison for Alameda's failure to hedge against crypto downturns.
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