Sam Bankman-Fried Tells Jury ‘Run on the Bank’ Felled FTX

Bankman-Fried has argued throughout his testimony that he had a vague picture of his empire’s finances in the run-up to FTX and Alameda’s collapse, and he said that by November 2022, when he tweeted, he still believed that FTX didn’t have any “hole” in its balance sheet, and Alameda still had assets in excess of liabilities.

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