At Ellison’s direction, FTX executives Wang and Sing gathered data about Alameda’s accumulated borrowings that found the firm had withdrawn deposits amounting to over three-quarters of FTX customer total holdings, including over half of the ETH on the exchange and lesser amounts of customers’ USDT and BTC. A later witness, Alameda developer Aditya Baradwaj, on Thursday said Alameda lost at least $200 million through preventable mistakes, including $100 million lost to a phishing scheme.
Everything to Know About Sam Bankman-Fried’s Second Week in Court
