NEW YORK — The former chief financial officer of collapsed cryptocurrency exchange FTX testified in Manhattan Federal Court on Thursday that he carried out financial crimes alongside company co-founder Sam Bankman-Fried. Bankman-Fried, 31, is accused of defrauding FTX clients and investors who thought their money was safely stored in the exchange he co-founded with Gary Wang in 2019. Prosecutors charge Bankman-Fried funneled up to $10 billion from the company to pay off the debts of his hedge fund Alameda Research while bankrolling a glamorous lifestyle that had him hobnobbing with celebrities...
Report typos and corrections to corrections@rawstory.com.
For customer support contact support@rawstory.com.
