SBF claims innocence, contradicts other witnesses: Law Decoded By Cointelegraph
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Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed.
Bankman-Fried denied knowing why crypto exchange FTX began moving user funds from a bank account with Alameda to North Dimension. He suggested that banks may have been more comfortable with North Dimension in order to avoid well-known hedge funds connected to crypto, such as Alameda.
Californian lawmakers want to cap crypto ATM withdrawals at $1,000 daily
Cynthia Lummis calls for DOJ action against Binance and
Crypto firms have breached new U.K. promo rules 221 times
Continue Reading on Cointelegraph
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Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto exchange through Alameda Research. It was former chief regulatory officer Dan Friedberg who provided him with the papers setting up the firm, which he signed without question, SBF claimed.
Bankman-Fried denied knowing why crypto exchange FTX began moving user funds from a bank account with Alameda to North Dimension. He suggested that banks may have been more comfortable with North Dimension in order to avoid well-known hedge funds connected to crypto, such as Alameda.
Californian lawmakers want to cap crypto ATM withdrawals at $1,000 daily
Cynthia Lummis calls for DOJ action against Binance and
Crypto firms have breached new U.K. promo rules 221 times
Continue Reading on Cointelegraph
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