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b"For a second, consecutive day, prosecutors pounded away at Sam Bankman-Fried\\u2019s credibility, asking the former FTX CEO to explain his obliviousness about how Alameda had spent $8 billion of FTX customer funds.\\n\\nProsecutors and the defense both rested their cases on Day 16 of the high-profile trial. Both sides will make their closing arguments on Wednesday and jurors could begin deliberating the following day.\\xa0\\n\\nWhile Bankman-Fried claimed that he thought \\u201cit was permissible\\u201d for Alameda to use FTX customers\\u2019 fiat deposits, he also admitted that he didn\\u2019t tell his employees not to spend that money or create measures to segregate FTX customer funds from Alameda\\u2019s.\\n\\nProsecutor Danielle Sassoon also grilled him on why he didn\\u2019t look into who had spent the FTX customer money.\\xa0\\u201cSo it\\u2019s your testimony that while you were CEO of Alameda some unknown people spent $8 billion without your knowledge?\\u201d prosecutor Danielle Sassoon asked Bankman-Fried, who replied that he didn\\u2019t agree that was his testimony.\\n\\nBankman-Fried later said that he had asked former Alameda CEO Caroline Ellison to explain the $8 billion in spending but did not fire anyone. Under subsequent defense questioning, Bankman-Fried said that he had wanted to look ahead.\\n\\nEarlier in the day, Sassoon had honed in on Bankman-Fried\\u2019s allegedly close relationship with government officials in the Bahamas, and presented an email in which he said that the company had \\u201csegregated funds for all Bahamian customers on FTX and that it would be \\u201cmore than happy to open up withdrawals for all Bahamian customers on FTX.\\u201d The communication came Nov. 9, 2022, a few days after FTX had halted customer withdrawals as awareness of its financial problems grew.\\xa0\\n\\nCatch up on Unchained\\u2019s previous coverage:\\xa0\\n\\nSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF\\u2019s Family\\n\\nSBF Trial, Day 2: DOJ Says Sam Bankman-Fried \\u2018Lied\\u2019 While Defense Claims His Actions Were \\u2018Reasonable\\u2019\\n\\nSBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact\\n\\nSBF Trial, Day 4: SBF\\u2019s Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda\\u2019s Special Privileges\\n\\nSBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison?\\n\\nSBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life'\\n\\nSBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness?\\n\\nSBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges\\n\\nSBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender\\n\\nSBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's Testimony\\n\\nSBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole\\n\\nSBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBF\\n\\nSBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX\\n\\nSBF Trial, Day 15: Prosecutors Hammer Bankman-Fried\\u2019s Contradictions With Reams of Evidence\\n\\nDid Sam Bankman-Fried Have Intent to Defraud FTX Investors?\\n\\nWhy These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify\\n\\nHere\\u2019s How Sam Bankman-Fried\\u2019s High-Stakes Trial Could Play Out\\n\\nSBF Trial: How Sam Bankman-Fried\\u2019s Lawyers Might Try and Win His Case\\n\\nThe High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"