SBF Wanted FTX's Lawyer to Find 'Legal Justifications' for Missing Funds
FTX's former general counsel, Can Sun, testified that then-CEO Sam Bankman-Fried asked him to come up with "legal justifications" for the missing customer funds during a period when the exchange was struggling with withdrawals. Sun explained that there were no valid explanations for the $7 billion shortfall and that the exchange's terms of service explicitly stated that customer assets couldn't be touched. Sun also revealed that he was involved in structuring personal loans for FTX insiders, including himself
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SBF Wanted FTX's Lawyer to Find 'Legal Justifications' for Missing Funds
FTX's former general counsel, Can Sun, testified that then-CEO Sam Bankman-Fried asked him to come up with "legal justifications" for the missing customer funds during a period when the exchange was struggling with withdrawals. Sun explained that there were no valid explanations for the $7 billion shortfall and that the exchange's terms of service explicitly stated that customer assets couldn't be touched. Sun also revealed that he was involved in structuring personal loans for FTX insiders, including himself