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Nishad Singh – FTX’s former director of engineering – revealed more details about the crypto exchange’s profligate spending during his testimony at Sam Bankman-Fried’s fraud trial on Monday.
Singh said his impression of Sam grew sour over time. “I’ve been intimidated,” he explained. “Sam is a formidable character. I came to distrust him.” “It didn’t align with what I thought we were building the company for,” he said, adding that such deals “reeked of excess and flashiness,” and that he’d been “embarrassed and ashamed” by them.During his testimony, prosecutors presented a picture in which Bankman-Fried stood among numerous celebrities at a post-Super Bowl party in Los Angeles. It included famous singer Katy Perry, actor Orlando Bloom, investor Michael Kives, and himself.
Singh claimed to have “very little” involvement with the vast political donations made by FTX. However, donations from his Prime Trust account were used to send donations to candidates and Super PACs.
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