SBF says FTX lawyers were involved in providing personal loans to executives
FTX founder Sam Bankman-Fried testified that FTX's legal department drafted futures contracts for loans from Alameda Research to him and other former executives of the exchange. He said that most of the loans were used for investment purposes. SBF's lawyer Mark Cohen asked, "Are you comfortable with the arrangement of these loans by the lawyers?" SBF responded, "Of course."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Musk clarifies no Dogecoin role in $1T government efficiency plan
BITCOIN Act aims to combat debt with strategic reserve
Peter Schiff warns of $34T crisis as tariffs and inflation collide
SIR.trading founder pleads for return of $255K after $355K hack
Trending news
MoreCrypto prices
More
