Bankman-Fried's Defense in FTX and Alameda Research Trial: Errors and Screw-ups, Not Deliberate Fraud
In the ongoing criminal fraud trial of Bankman-Fried, the CEO of FTX and Alameda Research, he finally took the stand to defend himself. He argued that the collapse of FTX and Alameda Research was not a deliberate fraud, but rather the result of various screw-ups and errors. Bankman-Fried emphasized that these issues were not solely his responsibility, but also the fault of his hand-picked lieutenants.