SBF Admits to a Bigger Role at Alameda Under Tough Questioning
- Bankman-Fried begins cross-exam during third day on stand
- SBF answered ‘I’m not sure’ more often as day wore on
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Sam Bankman-Fried, the co-founder of FTX, told a New York court he was aware that Alameda Research hadn’t taken steps to properly hedge its risk even as he approved billions of dollars of investments before both companies collapsed last year.
Assistant US Attorney Danielle Sassoon used Bankman-Fried’s past interviews and other statements to undermine his attempts to distance himself from decisions at the hedge fund, which was affiliated with his FTX crypto platform. She focused on money Alameda paid out in the summer of 2022.