FTX founder Sam Bankman-Fried acknowledges in court that customers were hurt but denies fraud

FTX founder Sam Bankman-Fried arrives at Manhattan federal court,in Aug. 2023 in New York. A lawyer for Bankman-Fried said Wednesday, Oct. 25, 2023, the FTX founder plans to testify at his fraud trial. (AP Photo/Bebeto Matthews, File)

NEW YORK — Sam Bankman-Fried, testifying at his fraud trial Friday, cast himself as a bumbling cryptocurrency visionary who knew nothing about the industry when he started FTX or about marketing when he became the face of his company and not enough about his businesses to see they were $10 billion in the hole until shortly before they collapsed.