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SBF testified in court that it was legal to use Alamedas account to receive FTX customer deposits
2023-10-26 23:37:50
Odaily News In the latest court hearing on Thursday, FTX founder Sam Bankman-Fried confirmed that in 2020, Alameda and FTX shared the same bank account, and at this time Alameda was using this account to receive deposits from FTX customers. According to SBF, FTX does not yet have its own bank account at this time. SBF, who was CEO of both companies at the time, testified that the operation was legal. In addition, SBF mentioned a bank account with Silvergate Bank for North Dimension, the application document for which was signed by Dan Friedberg.