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‘Mistakes were made, but I was badly advised’ Bankman-Fried says at trial

Sam Bankman-Fried
Photo: Michael M. Santiago/Getty Images

Week four of the former FTX CEO’s trial saw the case for the defense take shape.

Sam Bankman-Fried took the stand in the fourth week of the former FTX CEO’s trial on seven counts of fraud and conspiracy. And his testimony produced another cracker of a quote. When asked if crypto exchange FTX and hedge fund Alameda Research ever had a risk department, Bankman-Fried replied: “We