Former FTX attorney informed US prosecutors of SBF fund abuse: Reuters

Former top lawyer for collapsed cryptocurrency exchange FTX, Daniel Friedberg, shared information with US prosecutors about the alleged abuse of customer funds by FTX founder Sam Bankman-Fried.

Friedberg joined a meeting on 22 November with officials from the Federal Bureau of Investigation, the Department of Justice and the Securities and Exchange Commission at the US Attorney’s office in the Southern District of New York, according to a source close to the matter and confirmed by scheduling emails.

Friedberg explained the workings of FTX’s sister trading firm, Alameda Research, to the officials.

Bankman-Fried has been charged with fraud and is accused of misusing billions of dollars’ worth of FTX customer funds and funneling them into Alameda.

He has pleaded not guilty in a New York federal court. In contrast, former Alameda Research CEO Caroline Ellison and former FTX CTO Gary Wang pleaded guilty to fraud charges in December.