"Sam Bankman-Fried's Testimony Dominates FTX Trial: Live Updates"
FTX founder Sam Bankman-Fried faced pointed cross-examination during his fraud trial over the collapse of the bankrupt cryptocurrency exchange. Assistant US Attorney Danielle Sassoon questioned Bankman-Fried about his role as CEO, his statements to the media and Congress, and the special treatment of FTX's sister company, Alameda Research. Bankman-Fried offered vague responses and claimed not to recall certain conversations or statements. Sassoon also pressed him on his public advocacy for crypto regulation, his promotion of FTX, and his derogatory comments about customers. Bankman-Fried acknowledged that Alameda could withdraw billions from FTX without being subject to the auto liquidation protocol. The trial continues.