US v. SBF: Nishad Singh says SBF used customer funds for spending sprees that “reeked of excess” and he learned of an $8B hole two months before FTX collapsed
before it all crashed Luc Cohen / Reuters : Sam Bankman-Fried directed political donations despite $13 bln ‘hole’, ex-colleague testified Michael Grullon / Watcher Guru : FTX Trial: SBF Used Stolen Funds As Political Donations MacKenzie Sigalos / CNBC : Former FTX engineer tells jury about panicky rooftop meeting where he learned how bad things were Corinne Ramey / Wall Street Journal : FTX's Political Donations Came From Stolen Customer Funds, Testifies Company Insider Nishad Singh Amara Khatri / Crypto Daily : Former Colleagues Take Stand Against Bankman-Fried In FTX Drama Bhushan Akolkar / Coinspeaker : FTX Chief Engineer Reveals Reckless Spending by SBF on Deals and Sponsorships Jai Hamid / Cryptopolitan : FTX co-founder exposes SBF's funding for US politicians Scott Matherson / Bitcoinist.com : FTX Engineer Delivers Earth-Shattering Testimony To Expose Sam Bankman-Fried Brady Dale / Axios : Former FTX exec testifies that SBF lashed out at criticism of company spending Rebecca Bellan / TechCrunch : FTX execs blew through $8B; testimony reveals how Elizabeth Lopatto / The Verge : Sam Bankman-Fried was a bad friend, too X: Zack Abrams / @zackdabrams : What to make of Nishad's morals? That's for the defense to decide. (Or not! They might simply ask a bunch of confusing questions and then excuse Singh like they did Cary and Gary ¯\_(ツ)_/¯) @autismcapital : Obligatory Nishad Singh courtroom sketch from the FTX Sam Bankman-Fried trial. [image] Wu Blockchain / @wublockchain : Nishad Singh, FTX's former director of engineering and third largest shareholder: - Acquired Celsius, Voyager, BlockFi, in part to bail out the space and in part to make Alameda have access to more funds to borrow. - FTX never implemented liquidations. If a customer was... Luc Cohen / @cohenluc : “I was a straw donor.” Nishad Singh testified at Sam Bankman-Fried's trial yesterday that the money he donated to U.S. political campaigns could only have come from FTX customer funds. He'll be back on the stand for cross-examination today. https://www.reuters.com/... Tiffany Fong / @tiffanyfong_ : SBF Trial: Nishad Singh's Testimony was wilder than I expected. [video] Lidia Jean Kott / @lidiajeankott : Nishad Singh testified that he felt like he had spent “five years of blood, sweat and tears, working toward something I thought was good that turned out to be evil.” Out of three top executives we've heard from, he seemed to me to be the angriest at Sam Bankman-Fried. @innercitypress : Today Nishad Singh testified that Ryan Salame accessed his bank account to give money to the Delaware Democratic Party... Also that the recipients knew that Singh was not the real donor... https://twitter.com/... Teddy Schleifer / @teddyschleifer : The Sam Bankman-Fried trial right now is getting into the nitty gritty of campaign finance. As Nishad Singh is on the stand, people referenced recently include Gabe Bankman-Fried, Keenan Lantz and the “Donation Processing” Signal chat that has appeared in DOJ indictments. @jayshams : incredible day at the SBF trial. NISHAD SINGH: Sam, I don't know if I can do this. Every day of keeping this fraud a secret tears up my insides. We need to sell all our assets to make customers whole. SBF: thjinking about givinng michael jordan $100mil. u think ok?> Leo Schwartz / @leomschwartz : Nishad Singh detailed the FTX straw donor scheme today: -Gabe Bankman-Fried's Guarding Against Pandemics would message a group chat requesting a donation in Singh's name -Ryan Salame had access to Singh's bank account and would wire the funds -Singh would click the confirm email Zack Abrams / @zackdabrams : At the trial, Nishad Singh was on the stand when he read from a list of celebrity names. When asked about Kris and Kendall Jenner, he testified “I honestly couldn't tell you what they do” 😭 Teddy Schleifer / @teddyschleifer : Here is my story from ealier this year with the backstory to the donation from Nishad Singh to the LGBTQ Victory Fund — a check meant to boost @BeccaBalintVT in Vermont. https://puck.news/...