Golden Finance reported that U.S. Attorney Thane Rehn said in opening statements in the trial of Sam Bankman-Fried on Wednesday that SBF had been using FTX customers’ money from FTX’s bankruptcy in 2019 to its bankruptcy in November 2022 to support his hedges. Fund Alameda Research, buys luxury real estate and donates to U.S. political campaigns and candidates. Thane Rehn said that a year ago, SBF seemed to be on top of the world after amassing power and influence, but he was not what he seemed. All of this was built on lies, he used his company FTX to commit massive fraud, and the money he spent to build his empire was what he stole from FTX customers.