Sam Bankman-Fried, CEO of FTX and Alameda Research, testified in court this week, denying any wrongdoing between the two companies but admitting to making "big mistakes" during their rapid growth. Bankman-Fried denied ordering his entourage to make millionaire political donations in 2021 and claimed FTX's terms of service covered transactions between Alameda and the crypto exchange. He also said he requested additional coverage strategies for Alameda, but they were never implemented. Bankman-Fried's defense is scheduled to conclude Oct. 30, followed by cross-examinations and closing arguments from both sides. Prosecutors have hinted at a possible rebuttal witness next week. If convicted on all counts of fraud and conspiracy, Bankman-Fried faces up to 115 years in prison.