China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifies
Aggregated Source: ChinaTechNews.com

Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX. The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said.

Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifies comes via ChinaTechNews.com.

Original URL: Click here to visit original article
Copyright ChinaTechNews.com