The Trial of Sam Bankman-Fried: Uncovering Financial Deceit and Disappearing Funds

In the trial of Sam Bankman-Fried, FTX's top lawyer testified that he told Bankman-Fried there was no legal justification for using customer funds, to which Bankman-Fried replied "Yep." The attorney also revealed that Alameda Research, FTX's sister company, had special privileges and that funds were co-mingled without customer consent. Bankman-Fried is facing charges related to defrauding investors and customers, with several former executives already pleading guilty and testifying against him.