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  • SBF Testifies That Alameda Only ‘Borrowed’ Customer Funds

    SBF Testifies That Alameda Only ‘Borrowed’ Customer Funds

    Sam Bankman-Fried testified before a jury for the first time on Friday saying he did not defraud FTX customers or take their funds, according to Bloomberg’s live reporting of the trial. The FTX and Alameda’s founder said that Alameda “borrowed” them, but admitted “a lot of people got hurt.” After the jury was unexpectedly sent…