'Misused with Wild Abandon': How FTX Reportedly Exploited Some $8.7 Billion in User Funds The story of the failed crypto exchange just keeps getting worse. A new report provides further allegations against the firm's leaders. https://gizmodo.com/ftx-sam-bankman-fried-8-7-billion-cryptocurrency-1850582044
Now FTX's former lawyer is in trouble... FTX Lawyer Who Made Problems Disappear Is Caught Up in Fallout https://news.bloomberglaw.com/ip-law/ftx-lawyer-who-made-problems-disappear-is-caught-up-in-fallout Daniel Friedberg was among Bankman-Fried’s closest confidants FTX team says Friedberg enabled Bankman-Fried’s alleged crimes He was the ultimate crypto cleaner – a lawyer, fixer and more for Sam Bankman-Fried and his FTX business empire. Daniel Friedberg, FTX’s former chief regulatory officer, now is being pulled even deeper into the intrigue surrounding his former boss Bankman-Fried, who’s hurtling toward one of the biggest white-collar criminal trials in US history. In a lawsuit filed last week, the new management of FTX accused Friedberg of enabling Bankman-Fried’s alleged crimes, and helping to orchestrate a “wide-ranging con game” to raid billions of customer dollars. (More at above url)