Sam Bankman-Fried testifies: ‘No, I did not’ defraud FTX customers

Sam Bankman-Fried, the founder of FTX crypto exchange, took the stand in his own defense during his trial for fraud and misusing customer funds. Bankman-Fried denied defrauding anyone or taking customer funds, instead portraying himself as a disengaged CEO who made mistakes. He attempted to cast doubt on testimony from former colleagues who have pleaded guilty to fraud and cooperated with prosecutors. Bankman-Fried faces decades in prison if convicted.