A forensic accountant at Sam Bankman-Fried’s trial tried piecing collectively the place $9 billion of lacking FTX buyer funds went on Wednesday. “Oh, sure,” stated the accountant when requested if FTX ever misused buyer funds.
Peter Easton, an accounting professor on the College of Notre Dame introduced in by the prosecution, says person deposits have been reinvested into companies and actual property, used to make political contributions, and donated to charity, studies CoinDesk Thursday.
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“How may I reside with myself if my departure precipitated a fall that would’ve been avoidable?” Singh stated in courtroom.
The Head of Engineering had questions on FTX’s funds throughout his last months on the firm. When Singh requested how a lot the corporate was quick, SBF stated this was the “unsuitable query,” and the higher query to ask was “how can we ship?”
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