bankman
-
SBF Testifies That Alameda Only ‘Borrowed’ Customer Funds
Sam Bankman-Fried testified before a jury for the first time on Friday saying he did not defraud FTX customers or take their funds, according to Bloomberg’s live reporting of the trial. The FTX and Alameda’s founder said that Alameda “borrowed” them, but admitted “a lot of people got hurt.” After the jury was unexpectedly sent…
-
FTX Entities Paid Bankman-Fried and Other Top Execs More Than $AU4.51 Billion Before Collapse
As down-and-out crypto exchange FTX struggles through the miasma of Chapter 11 bankruptcy, seeking to recoup funds needed to make customers and investors whole, the company now says there was around $US3.2 ($AU4.51) billion dolled out to former CEO Sam Bankman-Fried and five other members of his inner circle before the collapse.