Bankman-Fried allegedly directed political donations despite US$13b ‘hole’ ...Middle East

NEW YORK: Sam Bankman-Fried directed that money from his Alameda Research hedge fund be used to make political donations after he learned the fund owed US$13 billion to customers of his FTX cryptocurrency exchange, a former executive testified on Monday.Nishad Singh, the third former member of Bankman-Fried’s inner circle to testify against him at his fraud trial, said he learned about the shortfall in September 2022 and confronted Bankman-Fried in an hourlong conversation on the balcony of the US$35 million Bahamas penthouse they shared.Singh said Bankman-Fried assured him he would raise more funds and cut costs. But in the meantime, Singh said he continued to receive transfers from Alameda

Hence then, the article about bankman fried allegedly directed political donations despite us 13b hole was published today ( Tuesday 17/10/2023 - 03:32 AM ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Bankman-Fried allegedly directed political donations despite US$13b ‘hole’ )

Last updated : 17 October 2023 clock 03:32 AM

Also on site :

Bankman-Fried allegedly directed political donations despite US$13b ‘hole’ ...Middle East

“The White Devil” Takes Karlovy Vary: Robert Richardson Receives Honor From a Paper-Ripping Harvey Keitel

Ram temple donation theft: From ignored warnings to Rs 6-8 lakh daily theft — 10 things we know

Four-legged heroes: international dog squad helps save lives after Venezuela earthquakes

Walmart’s 'Super Fast' E-Bike Is Now Nearly 50% Off, and It’s an 'Amazing' Way to Stay Active

Mets To Select Guillo Zuniga

Real Madrid Announces Signing of Dutchman Dumfries Until 2030

What is Bending Spoons? The little-known AOL and Vimeo owner that’s now public

Backpackers Meet in 1990s With No Way to Stay in Touch—Then He Has an Idea

Dust-raising winds to reduce visibility across Saudi Arabia through Saturday

Jodie Foster Assumed Brad Pitt’s F1 Was Made with AI: “Wasn’t it?”

Oh, Honey ... NO: Jessica Tarlov's Sideways 'Happy Independence Day' Post BOMBS in More Ways Than One

Couple ‘dined on Dover sole and calamari’ before leaving restaurant without paying

Kremlin: Establishment of Security Zone on Border with Ukraine Is Proceeding Smoothly

Prithvi Shaw cheating scandal: India star accused of ditching her fiancée; Know here

Mark Zuckerberg takes business calls on a jet ski wearing his $800 Meta glasses—and insists ‘the other person could not tell’