Sam Bankman-Fried Struggles to Explain Himself

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Sam Bankman-Fried is testifying in his own case. He has the chance to tell his side of the story—something he’s historically been very good at—but now the former FTX executive is having trouble explaining himself.

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A Nearly Impossible Interlocutor

On the witness stand in a Manhattan federal courtroom yesterday, Sam Bankman-Fried gave off the impression that he was not accustomed to being grilled. For years, that was true: No investors sat on FTX’s board of directors, and people clamored to give him money without doing proper due diligence. But even if people had tried to question Bankman-Fried