daniel friedberg the former top lawyer for sam bankmanfrieds ftx has reportedly begun cooperating with us prosecutors as they investigate the cryptocurrency firms collapse what happened at a november meeting with two dozen investigators held at the us attorney for the southern district of new yorks office friedberg provided details about ftx fttusd reuters reported citing sources familiar with the matter friedberg also reportedly revealed details of alameda research and how its customer funds were used to finance bankmanfrieds business empire as well as conversations he had with other top executives he has not been charged or told he is under criminal investigation but is expected to be called as a witness in bankmanfrieds october trial as per reuters see more best crypto day trading strategies why it matters bankmanfried pleaded not guilty on tuesday to allegations that he had diverted billions of dollars in ftx client funds to finance his own investments luxury real estate purchases and political donations through alameda manhattan us attorney damian williams stressed the serious nature of these accusations last month saying if you participated in misconduct at ftx or alameda now is the time to get ahead of it two of bankmanfrieds former associates have already pleaded guilty to fraud and agreed to cooperate with prosecutors since ftxs collapse the overall crypto market has seen a significant dip with apex crypto bitcoin btcusd struggling to reach the 18000 mark and ethereum ethusd trading below 1300 price action at the time of writing btc was trading at 16847 down 002 and eth at 12544 up 27 in the past 24 hours according to benzinga pro read next bitcoin ethereum dogecoin rise on feds mostly bullish tone analyst sees more consolidation for apex crypto