FTX founder Sam Bankman-Fried takes the stand: Recap of trial day 14
Former FTX CEO and Founder Bankman-Friend takes the stand today, blaming Caroline Ellison for poor management in Alameda and admitting to political donations from customer funds. As the historic trial of FTX continues, Sam Bankman-Fried, the accused culprit and defendant, finally took the stand today at the Southern District of New York. Unsurprisingly, Bankman-Fried balmed his former girlfriend and Alameda CEO Caroline Ellison for poor management of loans and credit. He accepted that some mis takes were of his doing, but also denied several claims made by his former colleagues throughout the trial . Here are the key highlights from Bankman-Fried’s testimony: Testimony of Sam Bankman-Fried Bankman-Fried denies defrauding anyone. He initially borrowed from Genesis, Celsius, BlockFi and Voyegar for Alameda. The internal name for Alameda was ‘Wireless Mouse’, Bankman-Fried denies anyone calling it ‘Sam’s Crypto Trading Firm’ – which was earlier alleged by his colle...