TL;DR
- SBF Trial reveals manipulation of Alameda’s funds, resulting in $10 billion in outstanding loans.
- Scheme involving frozen Chinese government funds explored, including negotiation, using crypto addresses, and bribery.
- Ellison exposes attempts to use Saudi Crown Prince’s money, image concerns, doctored balance sheets, and FTX’s insolvency, raising industry regulatory and investor confidence questions.
The SBF Trial just got crazier this week, as a lot of unexpected things were thrown into the Jury’s desk, including Chinese government bribes, enticing the Saudi Crown Prince to invest in Alameda, Thai prostitutes and orgies, a scheme to suppress the price of BTC, and much more.
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