At Ellison’s direction, FTX executives Wang and Singh gathered data about Alameda’s accumulated borrowings that found the firm had withdrawn deposits amounting to over three-quarters of FTX’s customers’ total holdings, including over half of the ETH on the exchange and lesser amounts of customers’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.
Source: https://www.coindesk.com/consensus-magazine/2023/10/13/everything-to-know-about-sam-bankman-frieds-second-week-in-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines