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SBF says FTX lawyers were involved in providing personal loans to executives

SBF says FTX lawyers were involved in providing personal loans to executives

CointimeCointime2023/10/26 20:39
By:Cointime

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."

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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.

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