Monday’s testimony, however, is the first to really demonstrate the extent to which Bankman-Fried (allegedly) had a sophisticated operation for funneling money to political candidates and causes. Singh testified that there was a group chat, where hired political consultants made recommendations on where to move funds. Ryan Salame, the former FTX Digital Markets CEO who pleaded guilty to campaign finance charges last month, executed wire transfers from Singh’s account at Prime Trust (which he repeatedly referred to as a bank account, even though Prime Trust wasn’t a bank) to move the funds to recipients.

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• Source: https://www.coindesk.com/policy/2023/10/17/sbf-trial-ftx-exec-felt-suicidal-in-crypto-exchanges-final-days/?utm_medium=referral&utm_source=rss&utm_campaign=headlines