Unraveling the Deception: The Trial of Sam Bankman-Fried

Former FTX Chief Executive, Sam Bankman-Fried, asked the company's former top lawyer to come up with "legal justifications" for the missing $7 billion in customer funds just days before FTX declared bankruptcy, according to the lawyer's testimony at Bankman-Fried's fraud trial. The lawyer, Can Sun, testified that Bankman-Fried or another executive sent him a spreadsheet indicating the exchange was billions of dollars short and owed billions to Bankman-Fried's hedge fund. Sun's testimony complicates Bankman-Fried's defense that he believed the use of customer funds was appropriate. Bankman-Fried is accused of looting customer funds for investments, political campaigns, and to prop up his hedge fund.