Top FTX Executive Says Sam Bankman-Fried Used Customer Money for ‘Excess’ Spending

Nishad Singh, testifying at Mr. Bankman-Fried’s fraud trial, said FTX customer deposits were used to buy luxury real estate and to pay athletes like Tom Brady and Steph Curry for endorsement deals.

from NYT > Technology https://ift.tt/9XoyH2f
via IFTTT