Bankman-Fried to Testify in Own Defense at FTX Fraud Trial Despite Risks

Sam Bankman-Fried will testify in his own defense at his criminal fraud trial, a risky move that most lawyers advise against.

Prosecutors allege Bankman-Fried stole customer funds from FTX to plug holes in the balance sheet and enrich himself.

Bankman-Fried claims he didn't intend to defraud anyone and blames trusted lieutenants for failing to do their jobs.

His ex-girlfriend and former Alameda CEO Caroline Ellison testified against him, saying he directed her to commit crimes.

Bankman-Fried has a history of embracing risks and talking extensively to the media, behavior that has already backfired on him in this case.