Sam Bankman-Fried pressed in court over past comments

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Sam Bankman-Fried pressed in court over past comments
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As inconsistencies were put to him, the former crypto boss often told the court 'I don't recall' .

US prosecutors have pounced on public statements made by Sam Bankman-Fried as they cross-examined him about the collapse of his crypto empire.

In them he claimed that protecting customer and investor funds was a "priority" for FTX while his crypto trading firm, Alameda Research, was borrowing billions of dollars from FTX customers. His appearance at the New York court follows 12 days of prosecution testimony in which close former colleagues - who have already pleaded guilty - gave evidence.

They say he tried to hide the transfers between the two firms and their close relationship - and lawyers have buttressed their allegations with text messages, spreadsheets and tweets.

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