SBF: Once used Alameda's operating profits and third-party loans to purchase SOL at a price of $0.20

2023-10-28 08:33:58

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ChainCatcher news, according to CoinDesk, SBF revealed during his criminal trial testimony that he started buying SOL early on at a price of $0.20 each. When asked by his lawyer about how he financed the investments, he stated that the funds came from Alameda's operating profits and third-party loans.

Due to the close connection between SOL and SBF, SOL was once referred to as "Sam Coin." He and FTX made significant investments in the Solana ecosystem and heavily promoted the Solana brand before FTX's bankruptcy last November.

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Latest developments in the SBF trial are being continuously tracked.

After being detained for 9 months and 20 days, FTX founder Sam Bankman-Fried officially appeared in court on October 3, and witnesses began to testify, attempting to uncover the various mysteries behind FTX and SBF...

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