United States v Sam Bankman-Fried reopened on Oct. 17 with further testimony from Nishad Singh, former Alameda and FTX’s chief developer, who says he felt intimidated by the defendant and disagreed with large spending decisions funded with customer crypto.
Following accounts of billions poured into Michael Kives’ firm and marketing deals, Bankman-Fried’s defense attorney Mark Cohen performed the cross-examination of Singh.
On the ninth day of trial, Singh told the court of Bankman-Fried’s spending habits which shelled out huge amounts of stolen customer assets for Alameda Research loans and $30 million condo purchases, echoing previous testimonies of the founder’s total control over his two crypto entities.
Two or three witnesses are expected after Singh, including one law enforcement agent. Afterward, Bankman-Fried’s lawyers have roughly two weeks to assemble a defense and call witnesses.
Senior District Judge Lewis A. Kaplan of the Southern District of New York denied Bankman-Fried’s request to slow down proceedings, as defense lawyers hoped to adjourn until Oct. 19 to secure additional medication for the FTX founder, according to InnerCityPress.
Bankman-Fried’s family involved in political donations
Day 10 of Bankman-Fried’s criminal trial featured Singh’s dive into executive bene
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Author: Naga Avan-Nomayo
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