In this courtroom sketch, FTX founder Sam Bankman-Fried is questioned during his trial in Manhattan federal court, Thursday, Oct. 26, 2023, in New York. NEW YORK — Sam Bankman-Fried, testifying at his fraud trial, cast himself Friday as a bumbling cryptocurrency visionary who knew nothing about the industry when he started FTX, nothing about marketing when he became the face of his company and not enough about his businesses to realize his company was $10 billion in the hole before it collapsed.
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. As the day wore on, testimony focused on what happened as Bankman-Fried’s businesses sank deeper in debt, even as he spent hundreds of millions of dollars on marketing that included a 2022 Super Bowl commercial featuring comedian Larry David, a partnership with quarterback Tom Brady and a firm that linked him to celebrities.Crime and Public Safety |Cohen said after testimony concluded for the day that he expected to continue questioning his client until midday Monday.
He described himself as “somewhat introverted naturally,” but explained that he accidentally became the face of FTX when several interviews “ended up going better than I thought they would.” “It’s not something I’ve been great at, being able to sustain a romantic relationship for a long period,” he said.
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