Top FTX Executive Says Sam Bankman-Fried Used Customer Money for ‘Excess’ Spending

Virtual Currency, Frauds and Swindling, Computers and the Internet, Luxury Goods and Services, Adderall (Drug), Celebrities, Start-ups
Nishad Singh, testifying at Mr. Bankman-Fried’s fraud trial, said FTX customer deposits were used to buy luxury real estate and to pay athletes like Tom Brady and Steph Curry for endorsement deals.

By Matthew Goldstein, J. Edward Moreno and David Yaffe-Bellany from NYT Technology https://ift.tt/x93UVzI