Sam Bankman-Fried Knifed Again at FTX Trial During His Own Lawyer’s Questioning

on Tuesday, as a turncoat prosecution witness took the stand and testified about “heinously criminal” activity at the crypto exchange FTX.

Singh told jurors he had considered resigning from the company over FTX’s alleged decision to let Bankman-Fried’s trading firm, Alameda Research, pilfer customer deposits in order to fund risky investments and pay off loans.Singh’s hands weren’t clean either. Around October 2022, Singh paid $3.7 million for a home on Orcas Island in Washington State using funds from FTX—even though he knew its customers were at risk of losing their money.

Singh also discussed his discomfort with Bankman-Fried’s lavish spending, saying he contemplated moving out of their shared Bahamas penthouse multiple times. He said he consulted with lawyers—Bankman-Fried’s dad, Joseph, among them—about massive loans he received from the company. And he recalled strategizing with Bankman-Fried’s mother, Barbara, about political spending.

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