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<div class="cryptonews">
 <p class="is-style-lead">On the 10th day of Sam Bankman-Fried’s historic <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a>, Nishad Singh reveals how events up to the bankruptcy unfolded.&nbsp;</p>
 <p>As FTX <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> Sam Bankman-Fried’s <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a> reaches its 10th day, former Senior Engineer Nishad Singh is cross-examined by the defense. Yesterday, Singh testified how the former FTX CEO spent lavishly and made several large-scale investments from the platform’s funds.&nbsp;</p>
 <p><strong><br></strong>As the case resumes today, here are the top highlights:&nbsp;</p>
 <h2 class="wp-block-heading" id="cross-examination-of-nishad-singh">Cross-examination of Nishad Singh</h2>
 <ul>
  <li>Nishad Singh participated in assessing Anthropic before FTX made the investment.<br></li>
  <li>Singh wanted to make a separate investment or donation to Anthropic.<br></li>
  <li>Singh received up to $2 million in bonuses from FTX and also borrowed $477 million.<br></li>
  <li>The reason for the loan was to make donations to a charity, but that never happened.<br></li>
  <li>He never received cash for that loan, it was only on paper.</li>
 </ul>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> SBF trial day 10: Judge Kaplan hints at early November conclusion
 </div>
 <ul>
  <li>Singh received a separate $10 million loan from the exchange for his parents. Some of it was also donated.<br></li>
  <li>Caroline Ellison sent a spreadsheet on June 22 to Bankman-Fried, Nishad Singh and Gary Wang. It showed a large negative amount; Bankman-Fried said it was a bug.<br></li>
  <li>There was $8 billion unaccounted for in the balance sheet.<br></li>
  <li>Ellison, Singh, and Wang were in a meeting about closing down Alameda, and Bankman-Fried was absent. Ellison said it wasn’t possible.</li>
 </ul>
 <p>The jury is shown several pictures of Sam Bankman-Fried having dinner or visiting with celebrities and political leaders, including NYC Mayor Eric Adams.</p> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ftx-founder-sam-bankman-fried-s-trial-day-10-recap-tbt66785.html">https://thebittimes.com/ftx-founder-sam-bankman-fried-s-trial-day-10-recap-tbt66785.html</a></p>

FTX founder Sam Bankman-Fried’s trial day 10: Recap

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