While SBF is known for having a high energy affect, he seemed fairly calm in court Friday, his characteristic rocking only cropping up a few times on the stand.
The federal courthouse in Manhattan where the trial is taking place, before sunrise on Oct. 27. Photo: Yuki Iwamura/Getty Imagesin his own criminal fraud trial Friday in Manhattan, attempted to distance himself from the decisions that ultimately brought down both the FTX crypto exchange and its sister hedge fund Alameda Research.Several times over the course of his testimony Friday, SBF attempted to present himself as not deeply involved in key decisions.
With regard to the practice of FTX exchange customers wiring money to an Alameda bank account, he said he didn't know how the hedge fund was accounting for the liability. "I wasn't entirely sure what was happening," he said.When the decision was made in October 2022 to keep Alameda open during a crisis around its solvency, he said the leadership ultimately took the decision because his lieutenants preferred not to shutter it.
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