SBF says FTX lawyers were involved in providing personal loans to executives
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."
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.
You may also like
Bitget Trading Club Championship (Phase 4)—Grab a share of 50,000 BGB, up to 500 BGB per user!
Onchain Challenge (Phase 14) — Trade and share 100,000 BGB in airdrops
Bitget to support loan and margin functions for select assets in unified account
Up to 50% BGB rebates: Deposit & buy crypto with VND today!
Trending news
MoreCrypto prices
More
