Assistant U.S. Attorney Danielle Sassoon began her second day questioning the FTX founder on Tuesday by touching on his close relationship with the government of the Bahamas, where FTX was based, and its prime minister, Philip Davis. The prosecutor also zeroed in on FTX’s use of Alameda subsidiaries like “North Dimension” to access banking services – a relationship that, in the view of prosecutors, gave Alameda improper access to FTX users’ funds.
Source: https://www.coindesk.com/policy/2023/10/31/sam-bankman-fried-ftx-fraud-trial/?utm_medium=referral&utm_source=rss&utm_campaign=headlines