Sam Bankman-Fried testifies, says he “skimmed over” FTX terms of service
https://arstechnica.com/tech-policy/2023/10/sam-bankman-fried-begins-testifying-in-risky-bid-to-beat-ftx-fraud-charges/
Sam Bankman-Fried took the stand in his criminal trial today in an attempt to avoid decades in prison for alleged fraud at cryptocurrency exchange FTX and its affiliate Alameda Research.
Providing testimony has been called a risky move for Bankman-Fried by many legal observers. After answering questions posted by his own lawyers, Bankman-Fried will have to face cross-examination from federal prosecutors. But after three weeks in which US government attorneys laid out their case, including testimony from former FTX and Alameda executives, Bankman-Fried's legal team announced yesterday that he would take the stand.