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SBF admits Alameda has $65 billion credit line in FTX

SBF admits Alameda has $65 billion credit line in FTX

CointimeCointime2023/10/31 01:00
By:Cointime

SBF stated in court on Monday that Alameda has a credit limit of $65 billion on FTX, while the second-highest customer has a credit limit of $150 million. In addition, US Assistant Prosecutor Danielle Sassoon asked: Does Alameda have more than $64 billion in credit limit than any other customer? SBF replied: Yes. The judge asked again: Has Alameda been allowed to exceed FTX's normal borrowing limit since the early days of FTX? SBF replied: I'm not sure.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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