Sam Bankman-Fried admits to ‘large mistakes’ in crypto fraud trial testimony

Bankman-Fried says his biggest mistake was not implementing a dedicated risk management team for crypto trading platform FTXSam Bankman-Fried admitted to making management mistakes while at the helm of FTX, his former multibillion-dollar cryptocurrency empire, during testimony in his defense at trial.Bankman-Fried’s testimony in front of a Manhattan jury on Friday came a day later than anticipated, after the judge overseeing the trial, Lewis Kaplan, unexpectedly sent jurors home on Thursda