SBF stated that he had supported "billions of dollars" in venture capital decisions

2023-10-31 09:46:00

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ChainCatcher news, according to Bloomberg, during today's testimony, U.S. prosecutors asked SBF: Was it your decision to spend billions of dollars on venture capital decisions in 2021 and 2022? SBF responded: I believe that several billion dollars of that was my decision.

SBF also admitted that he decided to spend billions on venture capital even before Alameda was ultimately hedged. Crunchbase data shows that FTX Ventures invested in nearly 70 startups.

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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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