Prosecutors Confront Bankman-Fried with Contradictions in Testimony on FTX Collapse
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Prosecutors confronted Sam Bankman-Fried with his past words and actions that contradict his testimony, showing disdain for regulators and followers.
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Bankman-Fried acknowledged mistakes with Alameda Research's risky investments and FTX account privileges, saying "I screwed up."
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Prosecutors highlighted discrepancies between Bankman-Fried's account and witnesses who said he directed fraud.
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Bankman-Fried insisted he acted in good faith and didn't know Alameda owed FTX $8 billion until just before collapse.
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Bankman-Fried pleaded not guilty to fraud charges but faces decades in prison if convicted after high-stakes decision to testify.