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."
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