founder has said he 'deeply regrets not taking a deeper look' into the spending of $8 billion in customer deposits by his sister firm Alameda Research. During his fourth day of testimony at a Manhattan federal court, the alleged crypto fraudster struggled to directly answer questions posed by prosecutor Danielle Sassoon about the collapse of his empire in November 2022. He is accused of committing one of the biggest financial frauds in American history - by using FTX customer deposits to prop up risky investments in fledgling hedge fund Alameda, which he ran with his ex-girlfriend Caroline Ellison.
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