Bankman-Fried Struggles to Defend FTX Actions at Fraud Trial, Faces Life Sentence if Convicted

Sam Bankman-Fried struggled to explain management of his bankrupt crypto exchange FTX at fraud trial.

Prosecutors allege he stole billions from FTX customers and lied to investors and lenders.

Bankman-Fried said he regrets not looking deeper into FTX's relationship with Alameda Research.

He finished testifying on Tuesday; closing arguments expected Wednesday.

Bankman-Fried has pleaded not guilty to fraud charges and faces life sentence if convicted.