The trial of FTX co-founder Sam Bankman-Fried on charges of fraud and money laundering is still in its early days, and has already featured crucial testimony from key employees of the now-bankrupt crypto exchange.
Witnesses in the first week of the trial painted a picture of a company, despite once being valued at $32 billion, that was run by a tight inner circle who recorded their finances on Google spreadsheets and discussed critical business decisions on disappearing message apps. For years, company leadership allegedly misrepresented and concealed key details about FTX’s operations from investors, other employees and the customers who ...
