His lawyer, Sam Bankman-Fried, questioned his political donations at the hearing
Sam “SBF” Banking-Fried's defense attorney, Mark Cohen, heard testimony from the former CEO of FTX about his relationship with Caroline Ellison and political donations from the crypto exchange.
According to court filings on Oct. 27, Banman-Fried said he did not discuss donations to U.S. politicians with FTX Engineering Director Nishad Singh and former FTX Digital Markets CEO Ryan Salame. SBF reported that the donation in its name came from “a loan from Alameda Research,” which is part of the US government's efforts to influence policies to regulate cryptocurrencies.
“I thought the guide was useful. Congress and the executive branch… some of them were. [supportive of] FTX for cryptocurrency lobbying. Some, not many.
Cohen asked SBF more personal questions that appeared to be unrelated to the lawsuit filed in court. The defense attorney asked Banman-Fried what caused him to end his relationship with Ellison.
“She wanted more than I could,” he said, referring to former FTX CEO Ellison. “It wasn't the first time with me.”
During her testimony, Ellison said the relationship ended because SBF “wasn't spending a lot of time” with her. Cohen asked the former FTX CEO about his style, to which SBF replied that his hair was “lazy” and that he was “comfortable” in shorts and a t-shirt most of the time.
RELATED: Sam Bankman-Fried trial moves into final stages
In earlier testimony on Oct. 27, the former CEO denied defrauding FTX users by leading efforts against Alameda by allowing the firm to use customer funds. Former FTX chief technology officer Gary Wang and others testified that SBF gave it more liquidity than Alameda.
Bankman-Fried's testimony will end early next week following cross-examination from U.S. Justice Department attorneys. Barring any plea or legal impediment, the court may order the trial court to hear the seven criminal charges.
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