Sam Bankman-Fried took the stand in his criminal trial to present his case, emphasizing that FTX and Alameda Research's problems stemmed from errors, a lack of dedicated risk management, and mistakes made by key lieutenants rather than deliberate fraud on his part. During the testimony, Bankman-Fried questioned the accuracy of key witnesses' statements and described misunderstandings and differences in interpretation regarding certain events and financial practices related to the case.

Credits: Kevin Reynolds, Nikhilesh De and Wondercraft AI Voice