Bankman-Fried didn’t imagine in guidelines like “don’t steal,” star witness says

Former FTX CEO Sam Bankman-Fried walking toward a courthouse.

Enlarge / Former FTX CEO Sam Bankman-Fried arrives for a bail listening to at US District Court docket on August 11, 2023, in New York Metropolis. (credit score: Getty Pictures | Michael Santiago )

Over three days of testimony in Sam Bankman-Fried’s felony trial, Caroline Ellison offered revealing glimpses from the years by which she was SBF’s on-and-off girlfriend and one in all his prime executives.

Ellison’s testimony described Bankman-Fried’s perception that he might turn out to be US president, and his perception that his hair “was an necessary a part of FTX’s narrative and picture.” She provided particulars on a failed try to make use of prostitutes’ identities to unlock funds frozen by the Chinese language authorities, and on Bankman-Fried’s behavior of describing hypothetical coin flips by which every part—even the destiny of the entire world—could be put in danger.

She additionally described how Bankman-Fried had a “utilitarian” philosophy by which guidelines like “do not lie” and “do not steal” didn’t match into his ethical framework.

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