Sam Bankman-Fried's Troubles Deepen as Testimony Continues in FTX Trial

FTX founder Sam Bankman-Fried continued his testimony in his criminal fraud trial, blaming his former colleagues and friends for the downfall of his crypto empire. Bankman-Fried accused his ex-girlfriend and former CEO of Alameda Research, Caroline Ellison, of not properly hedging the company's assets during the crash in crypto prices. He also pointed fingers at other key individuals, including FTX's engineering director and general counsel. Bankman-Fried defended his actions and tweets during the collapse, stating that he believed the exchange was financially stable. The cross-examination by the prosecution is expected to be challenging, given Bankman-Fried's prior statements about the case.