Coin Edition -
- The former FTX Head of Engineering, Nishad Singh, testified that Sam Bankman-Fried continued to spend excessively, knowing of the deficit.
- Singh’s testimony revealed that FTX was involved in “bad business decisions.”
- Bankman-Fried was unwilling to cut endorsements and sponsorships, according to Singh.
The latest witness in Sam Bankman-Fried’s trial was former FTX Head of Engineering Nishad Singh, who claimed that Bankman-Fried was using customer funds to “fuel his spending spree.”
Laura Shin, a crypto journalist, shared that Singh described FTX as an organization that allegedly defrauded its customers by freely spending customer assets on ill-advised investments, sponsorships, and political action.
On day 9 of theSBF trial, former FTX head of engineering Nishad Singh told jurors that he had been worried about