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Sam Bankman-Fried Started Buying Solana's SOL at 20 Cents Using 'Alameda Profits,' He Says at His Trial

"I believed the funds came from Alameda’s operating profits" as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.

Updated Oct 27, 2023, 8:18 p.m. Published Oct 27, 2023, 6:43 p.m.
Sam Bankman-Fried, left, in the pre-trial days with Solana Labs CEO Anatoly Yakovenko (Danny Nelson/CoinDesk)
Sam Bankman-Fried, left, in the pre-trial days with Solana Labs CEO Anatoly Yakovenko (Danny Nelson/CoinDesk)