Inside the Unconventional Life of FTX's Sam Bankman-Fried: Bean Bags, Roommates, and Crypto Trials

A witness testified at the criminal trial of FTX founder Sam Bankman-Fried that he slept on a bean bag while living with nine employees at a $35 million apartment in the Bahamas, allegedly paid for with customer and investor money. The witness, a former developer at FTX, also revealed that Bankman-Fried's hedge fund, Alameda, paid for the apartment. Prosecutors have accused Bankman-Fried of using customer funds for real estate, speculative investments, and political donations. The witness further stated that Alameda owed FTX customers $8 billion, and when he learned that customer money was used to repay loans, he resigned. Bankman-Fried is facing seven counts of fraud, conspiracy, and money laundering and could potentially be sentenced to up to 110 years in prison if convicted.