Sam Bankman-Fried Testifies That He Made ‘Larger Mistakes’ at FTX
Posted inBankman-Fried, Sam Computers and the Internet Decisions and Verdicts Frauds and Swindling HK FTX Trading Ltd (Futures Exchange) Kaplan, Lewis A Start-ups Virtual Currency Witnesses

Sam Bankman-Fried Testifies That He Made ‘Larger Mistakes’ at FTX

Speaking in his own defense at his criminal trial, the FTX founder denied he had committed fraud but acknowledged missteps that hurt the cryptocurrency exchange’s customers.
Top FTX Executive Says Sam Bankman-Fried Used Customer Money for ‘Excess’ Spending
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Top FTX Executive Says Sam Bankman-Fried Used Customer Money for ‘Excess’ Spending

Nishad Singh, testifying at Mr. Bankman-Fried’s fraud trial, said FTX customer deposits were used to buy luxury real estate and to pay athletes like Tom Brady and Steph Curry for endorsement deals.