Three former close associates testified as prosecution witnesses that Bankman-Fried had directed them to use FTX customer funds to plug losses at Alameda Research
The state-owned oil giant's shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, closing at 35.2 riyals and giving the company a market value of about $1.88 trillion riyals, closing in on the $2 trillion price tag long sought by Saudi Crown Prince Mohammed bin Salman.