Digital Coin News

FTX founder Sam Bankman-Fried testifies at his fraud trial

  • 📰 KPRC2
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

FTX founder Sam Bankman-Fried has begun testifying at his fraud trial, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and customers were hurt.

In this courtroom sketch, FTX founder Sam Bankman-Fried, right, is questioned by his attorney, Mark Cohen, left, as Judge Lewis Kaplan listens on the bench, center, during his trial in Manhattan federal court, Thursday, Oct. 26, 2023, in New York. began testifying at his fraud trial on Friday, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and hurting customers.

Bankman-Fried, 31, acknowledged some of his failures early in his testimony, saying he made mistakes, large and small.The goal was to move the cryptocurrency ecosystem forward, he added. Asked by his lawyer, Mark Cohen, if he defrauded anyone or took customers' funds, Bankman-Fried answered, “No I did not."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sam Bankman-Fried could take stand at fraud trial over FTX collapseSam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers.
Source: Reuters - 🏆 2. / 97 Read more »