👀 According to reports from the New York courtroom on Oct. 26, Bankman-Fried denied knowing why crypto exchange FTX beg…

👀 According to reports from the New York courtroom on Oct. 26, Bankman-Fried denied knowing why crypto exchange FTX began moving user funds from a bank account with Alameda to a firm called North Dimension — a “shadowy entity” allegedly used for money laundering. SBF suggested that banks may have been more comfortable with North Dimension, avoiding well-known hedge funds connected to crypto like Alameda.

Bankman-Fried reportedly said he wasn’t heavily involved in North Dimension but didn’t recall discussions with auditors about FTX user funds going to the entity as well as Alameda. 🤔

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