Prosecution questions former FTX insider on missing $8 billion

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NEW YORK — Federal prosecutors are starting to peel away at the byzantine operations they say allowed Sam Bankman-Fried to steal billions of dollars from the customers of his cryptocurrency business, as the criminal fraud prosecution of the former executive entered its third day in a downtown Manhattan courtroom. Get a curated selection of 10 of our best stories in your inbox every weekend.ArrowRight The government focused on the discovery by a close friend of Bankman-Fried’s that his hedge fund, Alameda Research, was taking in billions of dollars from the customers of his crypto trading platform, FTX.

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