Speaking in his own defense at his criminal trial, the FTX founder denied he had committed fraud but acknowledged missteps that hurt the cryptocurrency exchange’s customers.
They are set to start their defense on Thursday, with the FTX founder planning to testify in his criminal fraud trial. Hurdles include what Mr. Bankman-Fried’s former associates said on the stand.
In the first week of Mr. Bankman-Fried’s fraud trial, Judge Lewis A. Kaplan repeatedly admonished the former crypto mogul’s lawyers, in an ominous sign for the defense.
Mr. Bankman-Fried had been under house arrest at his parents’ home as he awaited trial on charges stemming from the collapse of his cryptocurrency company, FTX.