An explosive testimony from FTX’s former Head of Engineering Nishad Singh was heard by prosecutors today. Singh, also a former high school classmate of defendant Sam Bankman-Fried, is one of three top executives who have already pleaded guilty to multiple fraud charges and have agreed to cooperate with the prosecution. Singh walked the prosecution through conversations with Bankman-Fried that illustrate the FTX co-founder’s original intent to commit fraud. Yahoo Finance reporter Alexis Keenan details Singh’s testimony and what it means for the prosecution’s case.
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#ftx #sbf #yahoofinance
Sam should start spending time with a prison consultant. That is what he should have been doing at mommy’s house, instead of irritating the judge. Does he not realize that the judge will sentence him?
Luxury condo but they’re supposed to be effectively altruistic? Seems they’re using effective altruism to indulge themselves whilst allowing themselves to think they’re doing “good”
People are so caught up in the “sam man bad” narrative that the real offender hasn’t even been called out yet. Coindesk’s hit pieces on FTX directly caused the chain of events that led to customers losing money. They could have picked any crypto exchange in the space , at the time , and caused the same thing to happen. That’s the danger of confidence-only assets in an “accusations = guilt” society where socially challenged pearl-clutching sanctimoniants call the shots from an unchallenged ideological dutch oven. Anyone with enough reach (a rapidly increasing # of people) can write a sensationalist doomsday interpretation of a leaked document at a vulnerable moment and destroy everything you’ve built, while creating a narrative where you and your family are the ones that take the blame. If you look hard enough for evidence of anything , you’ll find it or things that look like it.
“Excessive” sn understatement. I don’t think a word exists to describe his level of greed.
Was the sketch artist staying at a picture of Little Richard after a 72 hour meth hit?
How can you know you owe people so much money and have so little to pay them back, yet spend on real estate and political donations and speculative investments? Simply, how can anyone do that?
By literally believing you are the center of the universe.
RIP
All should be convicted and serve jail time like any convicted felon
The Talking Head’s posture is way too casual, he’s the only one who sits like that in an informal way, very awkward slant to the side. News anchors are supposed to face the camera Dead on. Really weird it’s like he doesn’t take the job seriously or that he seems almost Arrogant with his body posture
SBF is the architect of this giant scam, but his parents are the super architects.
how the heck did they waste over 10 billion dollars !!!