SBF’s Lawyer Defends FTX Investments Amid Testimony of Suicidal Ex-Exec, Refuting Claims of Recklessness
FTX founder Sam Bankman-Fried’s attorney stated on Tuesday that the bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous.” This response comes in opposition to former executive Nishad Singh’s testimony, which characterized the exchange’s spending on marketing and celebrity endorsements as excessive. Singh, who previously served as FTX’s engineering chief, testified for the second consecutive day …