SBF is cross-examined on legal advice, FTX terms of service, and auto-deletion without the jury present. Bankman-Fried says he believed it was permissible for Alameda to borrow from assets held as collateral for margin positions. It’s a mock court as Judge Kaplan wanted to hear testimony that might be repeatedly objected to before the jury. t hear certain areas of testimony.
SBF also indicated that FTX had been headquartered in Hong Kong and faced some security concerns while over there, such that former employees might have data to sell to a competitor. Nevertheless, the platform never suffered a core breach although third parties had experienced being hacked. General Counsel of FTX US, Ryne Miller, was also mentioned, as well as the CEO of FTX US, Brett Harrison.
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