FTX Lawyer 'Shocked' by $7B Hole, Says SBF Knew Customer Funds Misuse Was Illegal

FTX's top lawyer, Can Sun, testified he was "shocked" by a $7 billion hole in FTX's finances.

Sun said there was no legal justification for FTX using customer funds, and SBF replied "Yep, yep" when told this.

Sun testified that SBF did not seem surprised when told FTX had no legal right to customer funds.

Former FTX exec Nishad Singh appeared extremely disturbed days before FTX's bankruptcy, worried about personal loans.

Singh previously testified that SBF was unfazed when confronted about the financial hole at FTX months earlier.