<p><span style="font-weight: 400;">Collapsed crypto exchange FTX's former top lawyer, Daniel Friedberg, shared his knowledge of founder Sam Bankman-Fried’s use of customer funds with U.S. prosecutors.</span></p> <p><span style="font-weight: 400;">Friedberg joined a meeting on Nov. 22 in the U.S. Attorney for the Southern District of New York office with Federal Bureau of Investigation, Department of Justice, and Securities and Exchange Commission officials, Reuters <a href="https://www.reuters.com/business/finance/ftxs-former-top-lawyer-aided-us-authorities-bankman-fried-case-2023-01-05/" target="_blank" rel="noopener">reported</a> — citing a source close to the matter and confirmed by scheduling emails.</span></p> <p><span style="font-weight: 400;">In the meeting, Friedberg explained how FTX’s sister trading firm, Alameda Research, worked.</span></p> <p><span style="font-weight: 400;">FBI agents reportedly contacted Friedberg a few days after the crypto exchange filed for Chapter 11 bankruptcy protection in November. He is not under criminal investigation and expects to be a witness in Bankman-Fried’s trial, which is scheduled for October.</span></p> <p><span style="font-weight: 400;">Bankman-Fried is charged with fraud and accused of misusing billions of dollars worth of FTX customer funds and funneling them into Alameda. </span><span style="font-weight: 400;">He <a href="https://www.theblock.co/post/198982/bankman-fried-pleads-not-guilty-to-criminal-charges" target="_blank" rel="noopener">pled</a> not guilty in a New York federal court on Tuesday. In contrast, his counterparts, former Alameda Research CEO Caroline Ellison and former FTX CTO Gary Wang, </span><a href="https://www.theblock.co/post/197342/bankman-fried-in-fbi-custody-ellison-wang-plead-guilty-and-are-cooperating" target="_blank" rel="noopener"><span style="font-weight: 400;">pled</span></a><span style="font-weight: 400;"> guilty to fraud charges in December.</span></p> <br /><span class="copyright"><p>Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.</p> <p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>