Sam Bankman-Fried said he was alarmed by Alameda’s risk taking, but he doesn’t show it when he’s ‘freaked out’

• Sam Bankman-Fried testified before the jury on Friday, detailing his version of events.
• He said he was alarmed by Alameda Research’s risks and lack of hedging.
• He added that he doesn’t show it when he’s “freaking out,” contrary to testimony by former execs.

Sam Bankman-Fried took the stand on Friday to tell a jury his side of the story of how his cryptocurrency empire collapsed.

The rare move for the defendant comes after he spent weeks listening to his inner circle, several of whom have pleaded guilty to financial crimes, describe their version of events. (A prosecutor even accused Bankman-Fried of shaking his head amid the testimony, though former CEO’s attorney denied it.)