FTX execs blew through $8B; testimony reveals how

FTX execs blew through $8B; testimony reveals how

a year ago
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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.

FTX execs blew through $8B; testimony reveals how

Oct 17, 2023, 4:20am UTC
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.