Fact check
Is it true: FTX customer-fund commingling and Alameda backdoor (2019-22)?
Yes — this is confirmed.
SBF convicted on all seven counts of fraud and conspiracy in November 2023; sentenced to 25 years March 2024. Co-conspirators Caroline Ellison and Gary Wang pleaded guilty and testified to deliberate customer-fund commingling and the Alameda auto-liquidation exemption. Approximately $8 billion in customer losses confirmed. The commingling is a proven criminal fact, not a conspiracy claim.
The claim
FTX, the cryptocurrency exchange founded by Sam Bankman-Fried (SBF), secretly transferred billions in customer deposits to its affiliated trading firm Alameda Research, which used the funds for invest
Key evidence
CoinDesk Alameda balance sheet leak triggered the collapse
SBF convicted on all 7 counts — jury deliberated 4 hours
Conspirafy steelmans each claim, then follows the evidence. How we reach a verdict · Check another claim