Disgraced FTX founder and Democrat mega-donor Sam Bankman-Fried said that there were “significant oversights” that contributed to the fall of his digital asset exchange during his New York trial over alleged financial fraud.
Bankman-Fried, who was the second largest donor to the 2020 Joe Biden presidential campaign, took to the stand this week to defend himself, saying that the collapse of FTX was not precipitated by malicious actions but by missteps and lack of organization.
During his testimony, Bankman-Fried admitted that he had made “a number of small mistakes and a number of larger mistakes,” including not having sufficient safeguards in place to guard against risk.
“We didn’t have a chief ri …