SBF Takes The Final Stand in Court
FTX's leader, Sam "SBF" Bankman-Fried, shares his side in court as he’s the last witness to take a stand. He denies knowing about suspicious money moves. His words clash with past claims.
Last week in New York, the trial of Sam "SBF" Bankman-Fried, the head of FTX, made some progress with SBF himself sharing his side of the story. He denied knowing about North Dimension, a mysterious company linked to money laundering, stating he just signed papers given by Dan Friedberg, his former regulatory head, without asking questions.
SBF was unclear about why FTX moved user money to North Dimension via Alameda, hinting that banks might have preferred dealing with North Dimension to avoid crypto-linked hedge funds like Alameda. He also pointed at Gary Wang, FTX’s former tech chief, for partly creating a feature that let Alameda trade more money than it had, admitting he was not fully aware of Alameda’s financial activities.
Contradicting Statements: SBF’s story doesn't match with previous testimonies from Wang and Carline Ellison, Alameda’s ex-CEO. Wang claimed SBF told him to create the controversial trading feature, while Ellison said SBF persuaded her to stay as CEO to avoid rumors about Alameda's money troubles.
