Former FTX engineering director Nishad Singh reportedly told a New York courtroom that former CEO Sam “SBF” Bankman-Fried had a habit of deciding on purchases through Alameda Research by himself.
According to reports from SBF’s criminal trial on Oct. 16, Singh said that while Caroline Ellison and Sam Trabucco led Alameda, Bankman-Fried was “ultimately” in charge of the company. The former engineering director reportedly testified that “SBF would unilaterally spend Alameda’s money” despite his supposedly separate role at FTX, also threatening to fire Ellison.