FTX founder and former billionaire Sam Bankman-Fried testified in his own defense at his fraud trial on Friday, acknowledging he made mistakes but denying he defrauded anyone or took customer funds.The crypto-currency exchange founder acknowledged that “a lot of people got hurt” when his FTX exchange collapsed. He admitted making “a number of small mistakes and a number of larger mistakes” while running the now-bankrupt exchange. Bankman-Fried founded the collapsed cryptocurrency exchange FTX in 2019, after launching the crypto hedge fund Alameda Research in 2017. Prior to his involvement in the cryptocurrency sector, he worked as a trader on Wall Street. At his peak, Bankman-Fried held a fortune of $26 billion (€24 billion). Do you think that Sam Fried should be jailed ?
