FTX execs blew through $8B; testimony reveals how
https://techcrunch.com/2023/10/16/ftx-execs-blew-through-8b-testimony-reveals-how/
Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, according to testimony from former senior FTX executive Nishad Singh.
Singh’s testimony, which kicked off the third week of Bankman-Fried’s trial, provides fresh details of exactly where that money went.