Sam Bankman-Fried faces multiple fraud charges in the collapse of his cryptocurrency firm FTX. Bankman-Fried took the witness stand in his defense.
Sam Bankman-Fried tells the jury that while working as a trader at Jane Street Capital, he learned a firm practice that was called the New York Times test.
Employees were warned not to put anything in writing that they wouldn’t be comfortable ending up on the front page of the newspaper, Bankman-Fried said. Employees were instructed to add sufficient context in what they were writing, he said. “A lot of innocuous things can look pretty bad out of context,” Bankman-Fried said.
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