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World Business Report: First broadcast 27/10/2023 21:32 GMT : 'Crypto King' admits people got hurt as he speaks out in trial

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'Crypto King' admits people got hurt as he speaks out in trial

First broadcast 27/10/2023 21:32 GMT 

First broadcast 27/10/2023 21:32 GMT : 'Crypto King' admits people got hurt as he speaks out in trial

BBC World Service - World Business Report, 'Crypto King' admits people got hurt as he speaks out in trial

Former crypto boss Sam Bankman-Fried acknowledges people got hurt when FTX collapses

Sam Bankman-Fried, ‘Crypto King’ told the Manhattan federal court he made "a number of small mistakes and a number of larger mistakes" while running the now-bankrupt exchange.

Former crypto boss Sam Bankman-Fried acknowledged "a lot of people got hurt" when the FTX exchange he founded collapsed, in his testimony to the jury at his fraud trial. The former entrepreneur said he had made many mistakes when running the cryptocurrency exchange. 

A lawsuit against fashion brand Aber-crombie & Fitch - accusing the firm of funding a sex-trafficking operation - has been filed in New York.

And Taylor Swift, with a record-breaking tour, a blockbuster film, and a keen business sense, the 33-year-old musician is now worth $1.1 billion. 

(FTX founder Sam Bankman-Fried (C) departs Manhattan Federal Court after an arraignment hearing on March 30, 2023 in New York City. Photo Credit: by Drew Angerer/Getty Images.

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First broadcast 27/10/2023 21:32 GMT : 'Crypto King' admits people got hurt as he speaks out in trial

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