on how jurors view his actions in the 10 days before the FTX cryptocurrency exchange's collapse nearly one year ago.Bankman-Fried
Prosecutors say Bankman-Fried used customer funds to pay lenders to his Alameda Research hedge fund, and that his false assurances to anxious customers in November 2022 were a critical part of his fraud scheme. FTX could not process the withdrawals fast enough, and Wang testified that Singh needed his help to speed its systems up.pleaded guiltyWang, a 30-year-old MIT graduate, said Bankman-Fried asked him that day to figure out how much additional money FTX needed to satisfy customer withdrawals."That sounds correct," Bankman-Fried responded, with a neutral demeanor, according to Wang.
After posting the tweet, Bankman-Fried turned to raising capital. Can Sun, FTX's former general counsel, testified that around 1 p.m. he was asked to join a call with private equity firm Apollo, which asked to see FTX's financial statements before potentially providing emergency capital.when the spreadsheet he received showed FTX was short $7 billion. He sent it to Apollo anyway.
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