"SBF Trial Exposes Alarming Spending and Shatters Friendships"
TL;DR Summary
Nishad Singh, a former employee and friend of Sam Bankman-Fried, testified in court about Bankman-Fried's alleged financial misconduct. Singh revealed that Bankman-Fried admitted to being short on delivering $13 billion owed to FTX, causing Singh to feel betrayed. Singh also described Bankman-Fried's excessive spending habits, including investments in Bitcoin mining, endorsement deals, and real estate. Singh pleaded guilty to six felonies and implicated Bankman-Fried, along with other FTX executives, in committing crimes. Despite feeling intimidated by Bankman-Fried, Singh testified against him, while Bankman-Fried's mother cried in court.
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- Caroline Ellison Shocked the SBF Trial—in a Different Way Than Expected The Ringer
- Opinion | SBF’s FTX fraud case shows why philanthropy needs a rethink The Washington Post
- How Heated Sidebars During the SBF Trial Could Impact the Jury's Decision CoinDesk
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