Disgraced FTX founder, Sam Bankman-Fried (SBF), has responded to a series of questions about security breaches in the ongoing fraud trial against him following the collapse of FTX.
SBF explains to the courtroom that Telegram, Slack and Signal were the most commonly used communication platforms for FTX.
SBF Acknowledges Privacy Breaches
According to a series of posts on X (formerly Twitter), SBF stated that FTX data became exposed following a security breach.
“We were headquartered in Hong Kong. There were some, uh, security concerns while we were there. Also, former employees might have data to sell to a competitor.”
SBF further explains that there was never a breach directly to FTX:
“Never a core breach. But third parties were hacked,” he noted.
Judge Kaplan expressed uncertainty as to whether he will be sending the jurors home for the weekend or not.
“Tomorrow. I might send the jurors home. Or I might not,” Kaplan reportedly stated.
Continuing Accusations Haunt SBF in Fraud Trial
“Sam directed me to commit these crimes,” she stated.
Meanwhile, Ellison disclosed in her testimony that SBF’s aim was to prompt regulators to “crack down on Binance.”
This reportedly stirred frustration in Binance CEO Changpeng “CZ” Zhao, leading him to post a public tweet upon discovering.
“We won’t support people who lobby against other industry players behind their backs,” he stated.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.