Ex-FTX exec was 'horrified' last year when he learned of US$13 billion shortfall

A former FTX executive and one-time billionaire testified against the cryptocurrency exchange’s founder, Sam Bankman-Fried, on Monday at his fraud trial, saying his admiration for him faded as he watched excessive spending on investments, property and celebrities precede a US$13 billion shortfall that left him feeling ‘blindsided and horrified.’
Source: ctv business
Ex-FTX exec was ‘horrified’ last year when he learned of US billion shortfall