Much of Alameda's VC investments and Bahamas real estate were paid with FTX user funds, an expert testified in court.
Transactions to and from Alameda Research's bank accounts show it often used FTX customer money to pay back loans, fund political donations, invest in other companies and buy property, an expert witness for the prosecution testified in the ongoing criminal trial of Sam Bankman-Fried on Wednesday.
Easton gave an emphatic "Oh yes!" when he was asked by Assistant U.S. Attorney Nicolas Roos if customer money had been spent. Similar chains of transactions preceded FTX's investments in the mining company Genesis Digital Assets, Anthony Scaramucci's hedge fund SkyBridge Capital, banking app Dave, PR firm K5, AI startup Anthropic and Robinhood shares, as well as the buyout of FTX’s own shares from Binance, Easton said.
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