The FTX founder was cross-examined by a federal prosecutor, who tried to pry something other than vague answers out of him.
Bankman-Fried is facing off against Assistant U.S. Attorney Danielle Sassoon, a 37-year-old Yale Law School graduate who paces her questions in a languid manner that could wrongly be interpreted as friendliness.
Judge Lewis Kaplan also rebuked the former billionaire for failing to answer her questions directly, grumbling, “Look, could you just answer the question?” Bankman-Fried is accused of perpetrating a massive fraud at FTX by taking billions of dollars of customer deposits, loaning those funds to Alameda, and using that money for venture capital investments and to pay off debts.
During another pointed exchange, Sassoon tried several times to extract a direct answer about whether he knew FTX customer funds might not be repaid if Alameda struggled to maintain its financial footing.
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