Sam “SBF” Bankman-Fried, former CEO of FTX, addressed a New York courtroom under oath without the 12-member jury present.

According to reports from the courtroom on October 26, the highly anticipated SBF testimony Launched In a hearing with defense attorney Mark Cohen questioning the former FTX CEO about his use of the messaging app Signal and keeping communications data at the cryptocurrency exchange. Bankman-Fried reportedly claimed he acted in accordance with the company’s policies regarding records, and none of the media that was set to “auto-delete” were “conduits for making decisions.”

“Why did you turn off auto-delete?” Cohen-Bankman asked Fried.

He replied: “I heard from the organizers.”

Cohen pressed the former FTX CEO about the creation of North Dimension, an alleged “shadowy entity” used to launder client funds from the cryptocurrency exchange through Alameda Research. According to SBF, former regulatory chief Dan Friedberg provided him with the paperwork to establish the company, which he signed without question.

“Do you think taking FTX deposits through Alameda was legal?” Cohen asked SBF.

“I did,” he replied.

“I was CEO of both at the time,” Bankman-Fried said of establishing North Dimension under Alameda and FTX. “FTX did not have a bank account.”

A key issue in the US government’s case against SBF centers around allegations that the former CEO of FTX used customer funds from the cryptocurrency exchange to make investments through Alameda without users’ knowledge. Bankman-Fried testified that he contacted Friedberg, the law firm Fenwick & West, and former FTX general counsel Can Sun regarding the investments.

“I thought it was just about futures trading,” Bankman-Fried said regarding portions of FTX’s terms of services regarding the use of client funds. “Alameda was authorized to do so.”

Related: Sam Bankman Fried has no way to outsmart the prosecutors: Scaramucci

Bankman-Fried will be the last witness standing after more than three weeks in court detailing the alleged mixing of funds between FTX and Alameda. According to Kaplan, the jury “will decide in the first few days of next week” without hearing all of the former FTX CEO’s testimony.

SBF has pleaded not guilty to all seven charges in his criminal case, but is expected to face five more charges in a second trial scheduled to begin in March 2024.

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