Nishad Singh, the former head of engineering at FTX, testified that SBF revealed the extent of Alameda's use of FTX user deposits at a September 2022 meeting, highlighting the substantial deficit in the balance sheets of both companies and prompting Singh's feelings of betrayal. Singh's testimony provided strong evidence to prosecutors that Bankman-Fried played a pivotal role in FTX's alleged crimes, emphasizing Singh's role as both a co-conspirator and a victim in the unfolding saga.
Link to story: Former Top FTX Executive Testifies He Knew $8B of Customer Money Was Missing
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Credits: Marc Hochstein, Nikhilesh De, Sam Kessler and Wondercraft AI Voice
