“Did you’ve gotten a view that Alameda might borrow, as long as borrows weren’t in extra of property?” Cohen requested Singh, clearly hoping for some variation of a “sure” reply. Singh, nonetheless, appeared to sense a lure. He answered obliquely: there have been many “situations” the place Singh didn’t suppose Alameda’s borrows have been “acceptable,” he advised Cohen. The lawyer let loose an audible “sigh,” seemed down and spent the subsequent a number of moments leafing by way of the pile of papers on his podium. Whereas we’re lastly beginning to see glimmers of Bankman-Fried’s protection technique, his legal professionals nonetheless face an uphill battle.
