Former FTX General Counsel: Lending client funds to Alameda Research was never approved

FTX’s general counsel Can Sun told the jury at the SBF criminal fraud trial that he “never approved” FTX lending client funds to Alameda Research. Can Sun, who served as FTX’s general counsel from August 2021 to November 2022 during the trading platform’s collapse, said “absolutely not” when asked if he agreed with Alameda’s use of FTX customer funds. (CoinDesk)