Evidence - Sam Bankman-Fried Case Archive

Sam Bankman-Fried- Case Archive

Key Evidence (7)

Government Exhibit 558

Documents & Records

Government Exhibit 558 contains the May 13, 2022 FTX terms of service, including provisions examined in testimony about margin collateral, liquidation, futures trading, and Alameda's asserted borrowing authority.

Government Exhibit 44

Digital Evidence

A June 2022 Alameda spreadsheet containing a main balance sheet and seven alternative presentations, identified as Government Exhibit 44.

Government Exhibit 50

Digital Evidence

Government Exhibit 50 is a June 13, 2022 spreadsheet analyzing Alameda's balances across FTX accounts, including the fiat@ftx.com correction and an approximately $11 billion total negative balance.

Government Exhibit 5

Digital Evidence

Government Exhibit 5 shows exchange lines of credit and Bankman-Fried’s calculations concerning Alameda’s multibillion-dollar liability to FTX.

Government Exhibit 21

Digital Evidence

Government Exhibit 21 contains November 6 notes about resources available to cover client assets and proposed public messaging during the withdrawal crisis.

Government Exhibit 568

Documents & Records

Government Exhibit 568 is an FTX.com wire-instructions page directing customer deposits to North Dimension Inc. at Silvergate Bank.

Government Exhibit 644

Digital Evidence

Database snapshot of Alameda's FTX account showing Allow Negative enabled and a $65.3 billion line of credit.

Physical Evidence (1)

Thumb drive containing records produced pursuant to a search warrant — Gaddis testified that he saw files added to the drive, recognized his initials on it, reviewed its contents before court, and identified the contents as records received pursuant to a search warrant.

Photographs (13)

Government Exhibit 1469 — The photograph shows Bankman-Fried at right, Clinton in the middle, and Blair at left, as Julliard identified them. During Yedidia's Day 3 redirect, he was asked whether Bankman-Fried had told him how much he gave to be introduced to Clinton and Blair; Yedidia answered no.

FTX advertisements featuring a fashion model and Formula One racing — The advertisements depicted a fashion model promoting FTX and Formula One racing. On cross-examination, Marc-Antoine Julliard agreed that neither advertisement determined an investment decision.

Government Exhibit 1457 — The photograph shows The Albany paddle tennis court, including a small hut between two courts. Adam Yedidia used it to identify the area where he said a conversation with Bankman-Fried took place after they played paddle tennis.

Government Exhibit 1476 — The photograph shows Shaquille O'Neal in the center and Samuel Bankman-Fried to his left, as identified by Shamel Medrano. The court received the exhibit and permitted it to be shown to the jury.

Government Exhibit 1500, 1501, 1509, 1510, and 1530-1555 — The exhibit group contains photographs of Adam Yedidia's Bahamas apartment, including the building, its interior, and a balcony. Yedidia recognized the photographs as accurate depictions, and the court received them in evidence.

Government Exhibit 1633 — The photograph depicts Samuel Bankman-Fried, whom Marc-Antoine Julliard identified after describing photographs he had seen while researching FTX online. The court received the exhibit and allowed it to be shown.

Government Exhibit 1638 — The photograph shows Samuel Bankman-Fried with Changpeng Zhao, whom Caroline Ellison identified as Binance's CEO. It was presented while she discussed FTX's purchase of Binance's stake in FTX.

Government Exhibit 1642 — The photograph of Samuel Bankman-Fried appeared within Caroline Ellison's testimony about the public images cultivated for Bankman-Fried and FTX.

Government Exhibit 1801 — The photograph shows Gary Wang at Alameda in approximately 2018, when he said he was writing computer code for the company.

Government Exhibit 1802 — The photograph shows Caroline Ellison in approximately 2018. Gary Wang identified her and testified that she worked at Alameda as a trader.

Government Exhibit 1803 — The photograph shows Nishad Singh in approximately 2018. Gary Wang identified him and testified that Singh worked at Alameda as a developer and coder.

Government Exhibit 1804 — The college photograph shows Gary Wang and Samuel Bankman-Fried. Wang testified that they lived in the same college living group, were friends, and were roommates for a time.

Photograph of Bankman-Fried on a private jet — The photograph depicts Bankman-Fried aboard a private jet. On redirect, he discussed when he considered private-jet travel a valid business expense and denied using it for recreational travel.

Video Evidence (10)

Government Exhibit 1559 — Questioning surrounding the video identified conference attendees including Bill Clinton, the Bahamian prime minister, Katy Perry, and Orlando Bloom.

Government Exhibit 1560 — The parties agreed that the exhibit was a true and correct copy of a video posted on FTX's homepage. After it was played on Day 3, Adam Yedidia described it as explaining how to deposit cryptocurrency on FTX.

Government Exhibit 1561 — The video explains how to deposit fiat currency on FTX.com. Portions were played during Adam Yedidia's Day 3 testimony after the exhibit was received pursuant to a stipulation.

Government Exhibit 1566 — The FTX homepage video titled "Get To Know Crypto" was presented during Adam Yedidia's Day 2 testimony. The surrounding examination addressed cryptocurrency concepts and Yedidia's testimony that Bankman-Fried was highly involved in marketing and strategy.

Government Exhibit 900 and 905 — The exhibits contain FTX advertisements featuring Tom Brady and Larry David. Yedidia testified that the Larry David commercial described FTX as a safe and easy way to trade cryptocurrency.

Government Exhibit 917 — The video contains an excerpt from an April 1, 2021 Blockworks podcast interview with Samuel Bankman-Fried. After it was played on Day 3, Gary Wang testified that the comments agreed with what Bankman-Fried had said when Alameda Research was founded.

Government Exhibit 923B — The exhibit contains an excerpt from Samuel Bankman-Fried's December 1, 2022 Good Morning America interview in which he invoked the borrow-lend facility. It followed Can Sun's Day 12 testimony about his search for a legal justification for the November crisis.

GX-913-1 — The first of two video excerpts shows Samuel Bankman-Fried's December 8, 2021 testimony before the House Financial Services Committee. The parties stipulated that the excerpts were true and correct copies, and GX-913-1 was played on Day 11.

GX-913-2 — The second of two video excerpts shows Samuel Bankman-Fried's December 8, 2021 testimony before the House Financial Services Committee. The parties stipulated that the excerpts were true and correct copies, and GX-913-2 was played on Day 11.

GX-914-1 — The exhibit contains video excerpts from Samuel Bankman-Fried's February 9, 2022 testimony before the Senate. The stipulated video was received and played on Day 11, with GX-914-T identified as its corresponding transcript.

Audio Evidence (8)

Defense Exhibit 415B-T — The transcript accompanies Defense Exhibit 415B, a later excerpt from the same all-hands meeting as the government recordings. The defense described the excerpt as capturing Ellison's response and chuckle when asked about the experience, and it was received with the recording on Day 7.

Government Exhibit 433A through 433F — Six audio excerpts from the all-hands meeting describe Alameda's borrowing of FTX customer deposits, the use of those deposits to repay loans, and who knew about the borrowing. The recordings and corresponding transcripts were received on Day 7, with the recordings controlling over transcript differences and other recorded voices limited to contextual use.

audio and video recordings and accompanying transcripts — Audio and video recordings introduced during the trial were accompanied in some instances by transcript aids. In its Day 19 instructions, the court reminded jurors that the recordings controlled over any transcript variance.

Defense Exhibit 415A-T — The defense clip transcript contains Ellison's discussion of how Alameda obtained open-term loans and her generalized description of crypto lenders' practices. The defense offered it to provide context for government clips about those loans, but the court declined to receive it on Day 7.

Defense Exhibit 415B — The recording captures a later portion of the same all-hands meeting as earlier audio excerpts and is paired with transcript 415B-T. It was received without government objection and played during Christian Drappi's Day 7 cross-examination.

Government Exhibit 2508 and 2508-T — Audio from a December 2022 interview and its transcript aid contained prior statements by Bankman-Fried about his separation from Alameda trading and risk management. The court admitted both on Day 16 and instructed that the recording controlled over the transcript aid.

Government Exhibit 433E — Government Exhibit 433E is an audio excerpt from Caroline Ellison's November 9 all-hands meeting with Alameda employees. It was played during Samuel Bankman-Fried's Day 17 cross-examination after he acknowledged that clips from the meeting had been played earlier in the trial.

Government Exhibit 919-A — The exhibit contains an excerpt from a Bloomberg interview with Samuel Bankman-Fried and was offered pursuant to a stipulation during Gary Wang's Day 4 testimony. The audio was replayed, and the court instructed that the recording controlled over any accompanying transcript.

Digital Evidence (113)

Government Exhibit 866 — The posts described withdrawal delays as processing constraints and stated that FTX safeguarded client assets. Marc-Antoine Julliard testified that he understood the posts to mean his deposits were available and did not withdraw on November 7, while Gary Wang testified that FTX lacked enough money to satisfy customer withdrawals.

Government Exhibit 44 — The June 2022 spreadsheet contains a main Alameda balance sheet and seven alternative presentations. Ellison testified that some alternatives combined categories or netted assets against liabilities, and that the main tab showed $21 billion in assets and $15 billion in liabilities while Alt 7 showed $16.5 billion in assets and $10 billion in liabilities.

Government Exhibit 50 — Testimony described the spreadsheet as a June 2022 analysis requested by Sam and prepared by Caroline, Gary, and Nishad, with tabs showing Alameda's balances across FTX accounts. Sheet 2 included a roughly $7.9 billion fiat@ftx.com correction and calculated Alameda's total balances at approximately negative $11 billion.

Government Exhibit 1083 — The 25-page chart summarizes 325 Signal groups in which Samuel Bankman-Fried participated from 2020 through 2022, listing group names, participants, and recorded auto-deletion settings from Gary Wang's laptop and Caroline Ellison's phone extraction. Marc Troiano testified that 288 of the listed groups had auto-deletion enabled, while acknowledging that prosecutors selected the groups and supplied the draft he checked.

Government Exhibit 414A — The messages discuss Caroline Ellison's plan to tell Alameda employees that the business would probably wind down and that help repaying lenders would be appreciated. Bankman-Fried suggested mentioning that some future venture might be possible, while acknowledging that nothing was certain.

Government Exhibit 5 — The September 2022 spreadsheet created by Bankman-Fried lists exchange lines of credit, including Alameda's line exceeding $65 billion, and contains calculations concerning Alameda's liability to FTX. The prosecution described its calculations as showing a negative $5 billion balance and a $10 billion liability when FTT and venture accounts were excluded.

Government Exhibit 875 — Caroline Ellison's November 6 tweet responded to a leaked Alameda balance sheet by stating that the document omitted hedges and that most third-party loans had been repaid. Bankman-Fried testified that those statements appeared true to him at the time.

Government Exhibit 21 — The November 6 document contains Bankman-Fried's notes that available resources could process about one-third of remaining client assets and proposes a confident public message. The prosecution described the document as an internal acknowledgment of a substantial asset deficit before Bankman-Fried's November 7 assurances about FTX.

Government Exhibit 480A — The Signal messages concern Nishad Singh's personal debts and his proposal to backdate an FTT or Serum trade so he would not remain responsible for borrowed amounts. Singh testified that he did not carry out the proposal, and Bankman-Fried denied agreeing to backdate documents.

Government Exhibit 480C — The November 8 Signal exchange discusses employee blame and Singh's suggestion that employees be told the crisis was not orchestrated by many people. Bankman-Fried agreed that the suggestion was probably correct, but the parties presented different interpretations of what that response acknowledged.

Government Exhibit 587 — Government Exhibit 587 depicts FTX's account sign-up dialogue. Testimony explained that a customer had to check the box labeled “I agree with the FTX terms of service” before creating an account.

Government Exhibit 644 — Government Exhibit 644 shows database information for Alameda's FTX account, including the enabled Allow Negative feature and a $65.3 billion line of credit. Gary Wang testified that Alameda used its line of credit to place orders and withdraw funds from FTX.

Government Exhibit 406 — The chat contains liquidity calculations stating a roughly $2 billion to $3 billion buffer beyond pending withdrawals and limited expected liquidity from selling assets such as FTT and SOL. Bankman-Fried agreed that another message reflected a potential liquidity gap of about $8 billion, subject to qualifiers and scope.

Government Exhibit 44M — The JSON file contains metadata fields including an email address, Gaia ID, and timestamp generated by Google systems. During cross-examination, the witness qualified his interpretation of a field labeled “view” and said he was unfamiliar with all the fields' intricacies.

Government Exhibit 477 — The exhibit contains communications between Singh and Michael Sadowsky about political giving, including messages concerning the LGBT Victory Fund. When the messages were later displayed beside a fund-tracing chart, the court questioned their redundancy and the government took them down.

Government Exhibit 590 — The FTX webpage presented four ways to fund an account. Marc-Antoine Julliard and Tareq Morad each identified the page and testified that they used wire transfers to fund their accounts.

Government Exhibit 803A-D — The November 16, 2022 Twitter direct messages between Bankman-Fried and Kelsey Tuoc discuss ethics, public relations, regulators, Gary Wang, Nishad Singh, and customer deposits. One message characterized regulatory work as public relations, and another asked that published material be taken down because it was thought to be off the record.

Government Exhibit 817 — The July 31, 2019 tweet stated that Alameda provided liquidity on FTX but had an account like everyone else's. Wang testified that the statement was not true, while Bankman-Fried later explained it as reassurance concerning front-running.

Government Exhibit 863 — The November 6, 2022 post said FTX had processed billions of dollars in deposits and withdrawals and attributed delays to capacity constraints and technical processing. Julliard understood it to indicate technical difficulties rather than a customer-fund shortfall and did not withdraw that day.

Government Exhibit 873 — The social-media exhibit includes a March 4, 2022 retweet referring to a dinner with the New York City mayor. Another page displayed during Day 11 testimony contained a February 9, 2022 tweet.

Government Exhibit 874 — Changpeng Zhao's post said Binance had received cash, BUSD, and FTT when it exited its FTX investment and would liquidate its remaining FTT because of recent revelations. Bankman-Fried described the announcement as a plan to sell roughly $500 million in FTT over about three months.

Government Exhibit 876 — The post offered for Alameda to buy Binance's FTT at $22 to minimize market impact. Bankman-Fried testified that the price had been discussed and that he believed Alameda had roughly $5 billion in liquid assets available.

Government Exhibit 878 — The FTX update said its matching engine was running smoothly, described a backlog in Bitcoin withdrawals, and said bank closures could slow stablecoin processing. Bankman-Fried described technical and banking constraints, while Wang testified that stablecoin withdrawals were slow because FTX lacked stablecoins.

Alameda transfer tracking system — Ellison testified that Alameda maintained a transfer-tracking system covering all transfers sent from its accounts, correcting the premise that outgoing dollars had not been tracked before 2022.

August 2020 auto-deleveraging code commit — Singh dated the auto-deleveraging code commit to August 2020. On redirect, he rejected a connection between that event and Alameda's reported borrowing two years later.

AWS database snapshot and Google database — Bankman-Fried testified that the defense received a snapshot of FTX's AWS database during discovery and that he learned its workings and ran queries to prepare for trial. He distinguished that trial preparation from his earlier access to a similar Google database and said he had not queried the AWS database before receiving Google-database access.

Backup database entries and spreadsheets underlying the expert charts — The materials included database entries and spreadsheets underlying proposed expert charts about FTX cryptocurrency balances and financial flows. The defense argued that the underlying data arrived shortly before the planned testimony and noted that one spreadsheet applied a conservative last-in, first-out analysis when timestamps and similarly sized inflows were unavailable.

chat with Sam Trabucco and the defendant about Handi's father putting them in jail — The message was described as a chat in which Sam Trabucco and the defendant joked about Handi Yang's father putting them in jail.

code commit concerning liquidation of the primary market maker — The code commit warned developers to be careful not to liquidate the primary market maker, identified in closing argument as Alameda. The defense said company personnel could see code commits through Slack logs.

Defense Exhibit 617 — Defense Exhibit 617 contained line-of-credit data pulled by Dr. Pimbley. Defense counsel argued that the data showed usage did not increase during the lender-repayment period and instead declined for much of that period.

DX 1102 — The court received only pages 1 and 18 of DX 1102 and allowed those pages to be published to the jury during Nishad Singh's Day 10 cross-examination.

DX-78 — The defense offered DX-78 as an Alameda balance sheet with underlying data. The court found that the defense had not established an adequate business-record or personal-knowledge foundation for it.

evidence seized from online accounts and electronic devices under search warrants — The materials were seized under judicial search warrants from sources including email accounts, Twitter accounts, and electronic devices.

fiat@ftx.com account in the FTX database — The internal fiat@ftx.com account tracked how much Alameda owed FTX customers for their dollar deposits. Adam Yedidia testified that the recorded liability should decrease when customers withdrew money.

FTX data room materials, including a strategic deck, organization chart, and financial statements — The FTX data room contained strategic, organizational, and financial materials provided for Third Point's review. Robert Boroujerdi testified that Third Point relied on the company's financial information.

FTX electronic data room — Kungyu Matthew Huang described the electronic data room as a computer folder where FTX could upload documents for Paradigm to review, a relatively standard investment practice.

FTX Python code base — Joseph Pimbley described a Python code base containing about 17,000 files. He read the relevant code to confirm that a database column represented Alameda's in-use line of credit and to check the output of database queries.

FTX website and app account displays — The FTX website and phone app displayed customer account balances and indicated that the funds were available to withdraw. In opening statement, the prosecution alleged that these displays misrepresented whether customer assets were actually being held for them.

Government Exhibit 1567 — The exhibit showed the ftx.com home page as it appeared in 2019. It was received and published during Gary Wang's Day 3 direct examination.

Government Exhibit 1619 — The court admitted statements by the defendant and Caroline Ellison for all purposes. Statements by a third participant were received only to provide context, not for their truth.

Government Exhibit 1621 — The November 6 Signal chat concerned customer withdrawals during the accelerating withdrawal crisis. Ellison's related testimony described internal estimates showing that FTX could not satisfy all customer holdings.

Government Exhibit 1622 — Ellison identified the exhibit as a Signal conversation with Alameda trader Victor Xu. It was shown after she testified about instructions to buy FTT and to keep discussions of FTT trading limited to a small group.

Government Exhibit 1625 — The exchange discussed the penthouse apartment and included Bankman-Fried's assumption that aggregate rent collected would be zero and that Alameda would ultimately pay for it. Yedidia testified that he understood Alameda was paying for the apartment.

Government Exhibit 1630 — The January 2022 chat concerned trading in OXY and MAPS. When asked whether the messages directed Caroline Ellison and Sam Trabucco to buy those assets, Bankman-Fried denied that characterization.

Government Exhibit 1631 — Ellison identified the exhibit during her Day 6 testimony as a Signal chat between herself, Sam Bankman-Fried, and Sam Trabucco. The court then received it in evidence.

Government Exhibit 1647, 1648, 1649, and 1650 — Ellison identified the four exhibits as chats with Genesis employees after describing Telegram as a messaging platform used by cryptocurrency companies. The court gave Exhibit 1647 a narrower evidentiary scope than Exhibits 1648 through 1650.

Government Exhibit 1659 — The Signal chat between Ellison and Bankman-Fried showed that Bankman-Fried set disappearing messages to one week on March 5, 2021. Ellison testified that their earlier Signal messages consequently no longer existed.

Government Exhibit 189 — The displayed messages said not to send a balance sheet and instead to offer repayment once Celsius was prepared to return collateral. Ellison testified that she agreed because she wanted to send the balance sheet to as few people as possible.

Government Exhibit 2002 and 1731 — Government Exhibit 2002 was introduced as a stipulation, and Government Exhibit 1731 was offered pursuant to it after Wang explained how FTX's back-end database tracked accounts and transactions. The court received both exhibits.

Government Exhibit 2502 — The November 6 small-group chat contained Bankman-Fried's estimate of a roughly $2 billion to $3 billion buffer beyond pending withdrawals. He acknowledged writing that the estimate excluded FTT, SOL, and similar assets because he did not assume they had substantial liquidity at the time.

Government Exhibit 2504 — During cross-examination, the chat displayed Bankman-Fried's message that the Bahamian prime minister and his wife were using FTX's floor-side seats at the FTX Arena in Miami.

Government Exhibit 3014, 3015, 1001, 1002, 1005, 1010, and 1011 — The collection contained FTX database records and charts addressing Alameda's allow-negative accounts, aggregate balances, and spot-margin borrowing. Easton used the underlying records to compare cryptocurrency obligations with wallet holdings and analyze Alameda's negative balances.

Government Exhibit 310 — The Private Ventures Slack channel was addressed during Caroline Ellison's resumed direct testimony on Day 6.

Government Exhibit 407 — The November 7 chat was addressed during Caroline Ellison's resumed direct testimony on Day 6.

Government Exhibit 408 — The small-group discussion concerning customer tweets was addressed during Caroline Ellison's resumed direct testimony on Day 6.

Government Exhibit 410A and 410B — The small-group chats concerning lender repayments were addressed during Caroline Ellison's resumed direct testimony on Day 6.

Government Exhibit 412 — The November 8 discussion about statements concerning Alameda's solvency was addressed during Caroline Ellison's resumed direct testimony on Day 6.

Government Exhibit 413A — The Vertex Signal discussion about responding to CZ and supporting FTT was addressed during Caroline Ellison's resumed direct testimony on Day 6.

Government Exhibit 414B — The exhibit contained a message Ellison sent Bankman-Fried after the Alameda all-hands meeting. When defense counsel began reading it on Day 16, the prosecution stated that it was not yet in evidence, and counsel removed it from display.

Government Exhibit 425 — The screenshot displayed the value of Marc-Antoine Julliard's FTX holdings, which he testified he understood he could withdraw at any time. He did not know the screenshot's date.

Government Exhibit 426 — The screenshot showed Julliard's FTX deposit history and was taken on his iPhone while the app was working. He testified that it reflected deposits of 110,000 pounds between April 20 and May 12, 2022, approximately $140,000 to $150,000 by his estimate.

Government Exhibit 427 — The screenshot showed Julliard's FTX withdrawal attempts. He testified that he attempted the withdrawals on November 8, 2022, and that none was processed.

Government Exhibit 44 and 44M — Government Exhibit 44 contained Alameda's main balance sheet and seven alternative presentations; the government said Alternative 7 omitted approximately $9.9 billion in exchange borrowing and $4.5 billion in related-party loans. Government Exhibit 44M contained metadata that the government said showed the spreadsheet was shared with Bankman-Fried and viewed by him on June 19, 2022, hours before a version went to lenders.

Government Exhibit 475 — The stipulated Signal thread included Nishad Singh, Samuel Bankman-Fried, Ryan Salame, and others. Singh testified that Salame used the donation-processing chat to provide wire details and prompt Singh to approve transfers from his account.

Government Exhibit 480B — The Signal messages concerned account-balance calculations during the November withdrawal crisis and were identified during Nishad Singh's Day 9 direct testimony.

Government Exhibit 480D — The digital exchange was identified during Caroline Ellison's Day 6 direct testimony as messages exchanged during a period of surging withdrawals.

Government Exhibit 50 and 50M — Government Exhibit 50 was a June 2022 spreadsheet calculating Alameda's FTX balances, including an approximately $11 billion negative total and analyses of customer deposits and available assets. Government Exhibit 50M contained metadata that the government said showed Bankman-Fried viewed the spreadsheet on June 14, 2022.

Government Exhibit 50, Tab 2 — Tab 2 displayed account data for Alameda Research account ID 9, including the row highlighted during Bankman-Fried's cross-examination. He said he lacked specific knowledge in May 2022 about how that subaccount was treated and believed Alameda overall maintained a positive net asset value on FTX.

Government Exhibit 51 — The file contained FTX statistics and 2021 revenue and staking-fee entries. Singh testified that he made and backdated monthly staking-fee transfers at Bankman-Fried's instruction, increasing stated rather than actual 2021 revenue by about $50 million.

Government Exhibit 539 — The November 10, 2022 screenshot showed $257,948.53 in Tareq Morad's FTX account after his withdrawal attempt did not process. Morad testified that he had delayed withdrawing after feeling reassured by a public statement from Bankman-Fried.

Government Exhibit 542 — The screenshot showed the four-member Signal chat identified as #organization, whose participants were Samuel Bankman-Fried, Gary Wang, Nishad Singh, and Caroline Ellison. Wang testified that messages from September 2022 no longer existed because the chat was set to delete messages automatically after one week.

Government Exhibit 543 — The Signal messages concerned asset transfers after FTX's bankruptcy and conflicting directions from Bahamian regulators and a U.S. bankruptcy team. Wang testified that Bankman-Fried told him to disregard instructions not to transfer funds and to continue sending assets to Bahamian regulators.

Government Exhibit 546 — The second Signal-chat screenshot from November 12 was identified during Gary Wang's Day 5 redirect testimony.

Government Exhibit 549 — The Signal-chat screenshot was introduced during Gary Wang's Day 5 redirect testimony as he was questioned about when a letter arrived relative to a same-day transfer to regulators. The transcript reflects that the exhibit number was corrected to 549.

Government Exhibit 568, 582, 583, 589, and 594 — Screenshots from FTX.com were offered under a stipulation stating that they were true and correct copies of materials available on the website. The court received all five exhibits during Adam Yedidia's Day 2 testimony.

Government Exhibit 599 — The FTX product-offering webpage was offered under an authenticity stipulation during Marc-Antoine Julliard's Day 2 testimony about spot trading.

Government Exhibit 5M, 5F, 18M, 18F, 19M, 19F, 28M, 28F, 42M, 42F, 44M, 44F, 50M, 50F, 325M, 325F, 340M, 340F — The group contained 18 files maintained and produced by Google, with associated content and metadata provided in formats such as DOCX, Excel, CSV, and JSON. Cory Gaddis testified that he verified copied files against the original production folders by hash, and the court received the files but not the thumb drive used to present them.

Government Exhibit 600 — The code calculated a number for FTX's public backstop-fund display by multiplying the prior 24 hours' trading volume by a random number around 7,500 and dividing by one billion. Gary Wang testified that the resulting figure was unrelated to the actual insurance fund and was larger than the real amount.

Government Exhibit 607 — The screenshot showed a comment attached to a change in FTX's GitHub code repository concerning accounts enabled for allow-negative treatment. Wang testified immediately before its introduction that Alameda's account received the allow-negative setting on the same day the relevant code was added.

Government Exhibit 611 — The FTX code determined whether an account should be liquidated. Wang explained that the Allow Negative setting caused the system to skip its balance check, permitting withdrawals even when the account balance was negative.

Government Exhibit 617 — The screenshot preserved a record of a change to FTX's code that added the allow-negative feature. Wang identified it during his technical explanation of code-based account treatment.

Government Exhibit 645 — The database records concerned the account to which balances from the FTX fiat account had been moved. Wang testified that he found a balance of approximately negative $8 billion and told Bankman-Fried, who responded that the amount sounded correct.

Government Exhibit 647 — The screenshot showed results from a query of the FTX database. Nishad Singh used it while explaining the separation between customer-fiat obligations assigned to an Alameda-related account and amounts remaining in the fiat@FTX.com account that should have been held in FTX bank accounts.

Government Exhibit 751 — The public tweet displayed FTX's claimed backstop-fund balance. Wang testified that the displayed figure was not the real insurance-fund amount and that the actual amount was lower.

Government Exhibit 770, 783, 788, 794, 796, 803A-D, 823, 853, 861, 865, 870, and 881 — The group comprised Twitter posts and direct messages offered under a party stipulation. The court received all listed exhibits subject to its prior ruling during Shamel Medrano's Day 11 testimony.

Government Exhibit 823 — The July 20, 2021 tweet announced an FTX capital raise and identified Third Point as an investor. Robert Boroujerdi testified that Third Point invested approximately $35 million in that round, which he understood was intended to support hiring, strategic initiatives, market-share growth, and possible new business lines.

Government Exhibit 829 — The August 9, 2021 tweet addressed users' funds, safety, and withdrawals. It was examined during Bankman-Fried's Day 16 cross-examination about his public promotion of customer safety, collateral, regulation, withdrawals, and automated risk controls.

Government Exhibit 837 — The January 14, 2022 tweet announced the launch of a $2 billion venture fund called FTX Ventures. Caroline Ellison testified that the announcement formed part of Bankman-Fried's general push to make more venture investments.

Government Exhibit 844 — Government Exhibit 844 was received and published during Eliora Michaela Katz's testimony. It showed a May 11, 2022 tweet stating that the defendant was honored to be testifying before the House Agriculture Committee the following morning.

Government Exhibit 850 — The June 27, 2022 tweet stated that protecting customer assets should take priority over other concerns. Ellison described backstopping as ensuring enough funds existed to return all customer assets and testified that she considered the tweet misleading in light of Alameda's conduct that month.

Government Exhibit 855 and 803C — The materials pair an October 2022 public statement about regulatory oversight and customer protection with private messages about public relations and regulators. During cross-examination, Bankman-Fried acknowledged privately writing, “Just PR. Fuck regulators.”

Government Exhibit 871 — The post urged customers not to move their funds.

GX-763 — On Day 11, Katz read the February 6, 2022 post announcing upcoming testimony before the Senate Agriculture Committee with CFTC Chair Behnam. The court received the exhibit and permitted its publication.

GX-764 — The February 9, 2022 posts announced that Bankman-Fried would testify before the Senate Agriculture Committee that day and directed readers to his testimony and FTX policy briefs.

GX-833 — On Day 11, Katz said Bankman-Fried testified before Congress in May 2022 and that she was present in the room. The court then received GX-833 pursuant to a stipulation.

GX-836 — On Day 11, Katz read the December 8, 2021 post thanking the House Financial Services Committee for a discussion about the future of digital assets. The court received the exhibit and permitted its publication.

GX-839 — Katz read the post's date and time as February 22, 2022, at 7:29 p.m., and said it predated her joining the company. The court received the exhibit and permitted its publication.

GX-845 — The May 11, 2022 post stated that federal oversight of digital-asset markets would protect customers. Katz also testified that she attended the related House Agriculture Committee hearing.

GX-856 — The October 19, 2022 tweets included the statement that regulatory oversight and customer protection were needed. Katz testified that she believed the displayed public statements about how FTX worked while employed at FTX US.

GX-870 — Katz identified June 23, 2022, as the date of the hearing immediately before GX-870 was offered. The examination also addressed an August 3, 2022 tweet praising proposed customer-protection and federal-oversight legislation for cryptocurrency.

GX-874 and GX-876 — The paired exhibits were described as tweets concerning Binance's planned liquidation of its remaining FTT and Alameda's offer to purchase FTT at $22. They were discussed during Ellison's Day 7 cross-examination in connection with her public response to the planned sale.

Metadata addressed through Mr. Gaddis's authentication testimony — Mr. Gaddis was called to authenticate metadata associated with several documents, although the defense said he could not explain what the metadata meant. The court later found fault on both sides for failing to resolve the new metadata through communication or stipulation.

Metadata, contemporaneous notes, journal entries, Signal chats, and all-hands meeting recordings cited as corroborating Caroline Ellison — In rebuttal closing, the prosecution argued that metadata showed the defendant accessed an alternative balance sheet shortly before it was sent to Genesis. It also said Ellison's contemporaneous notes, journal entries, Signal chats, and recorded all-hands remarks were consistent with her trial testimony.

November 7 tweet and records showing its removal and changes to Signal auto-deletion settings — The November 7 tweet said FTX and its assets were fine, and a stipulation showed that it was removed on November 8. The defense also cited records showing that auto-deletion was turned off in three Signal chats on November 9 and 10.

pointer system — Pointer was described as an Alameda internal tool containing trade and transfer data. Christian Drappi knew that the defendant requested access but did not observe his use of the system or know what he viewed, and he identified several other people who may also have had access.

Signal data from Caroline Ellison's iPhone and Gary Wang's laptop — Marc Troiano testified that the Signal groups he reviewed came from messages contained on Caroline Ellison's iPhone and Gary Wang's laptop.

Slack and Signal communications and FTX's deletion practices — Slack and Signal were described by the defense as communication tools used internally and with companies around the world. In opening statement, the defense said the evidence would show that FTX's approach to retaining and deleting messages was reasonable under the circumstances.

snapshot of the FTX database hosted on Amazon Web Services — The database contained about 300 tables and roughly 30 terabytes of information, including users, positions, trades, deposits, and withdrawals. Pimbley accessed it remotely and used queries to extract requested data.

The defendant's tweets about customer assets — The tweets included statements that FTX had a history of safeguarding client assets, that assets were fine, and that FTX did not invest client assets. The prosecution told jurors that the defendant had tried to delete the tweets and that they would be presented at trial.

Twitter direct messages between Mr. Bankman-Fried and other people that prosecutors gave Medrano to review — Prosecutors selected the messages and provided them to Shamel Medrano before his testimony. On cross-examination, Medrano said he did not select them and did not know whether other messages involving the same people existed.

Twitter statement that all withdrawals would be covered — The Twitter statement said that all withdrawals would be covered. Tareq Morad testified that the assurance led him to conclude that the money he had deposited was present.

Vox chat chain with Kelsey — The November 16 chat included Bankman-Fried's explanation that he had become frustrated with regulators and skeptical that his work with them had encouraged good rather than bad regulation. He said the exchange occurred five days after FTX entered bankruptcy.

Yedidia's postmortem document and the deleted Signal message that carried it — Yedidia's postmortem explained a bug and the steps he took to fix it. He shared the document with Bankman-Fried through Signal, but the carrying message was later deleted by an automatic deletion timer while the document remained.

Documents & Records (185)

Government Exhibit 558 — The court identified Government Exhibit 558 as the only version of FTX's terms of service in evidence and recalled that it took effect in May 2022. Testimony addressed its provisions concerning margin collateral, liquidation, and futures trading, including Bankman-Fried's stated understanding that Alameda could engage in futures trading and borrow in many circumstances.

Government Exhibit 18 — The document described arguments for shutting down Alameda and was shared by Bankman-Fried with Gary Wang and Nishad Singh. Testimony addressed its discussion of leadership, hedging, trading value, public relations, and whether Alameda's FTX accounts could be closed.

Government Exhibit 36 — Ellison testified that she prepared the 2021 spreadsheet at Bankman-Fried's request to analyze Alameda's net asset value without assets such as FTT, SOL, and Serum. One calculation placed that value at approximately negative $2.7 billion, and another modeled additional investments during a major market downturn.

Government Exhibit 64 — The November 25, 2021 “State of Alameda” update was one of the documents Ellison wrote to inform Bankman-Fried and obtain his feedback. Ellison testified that its “negative 850m from BTMX” entry referred to losses from a malfunction in FTX's margin system that were passed to Alameda.

Defense Exhibit 15 — The promissory note required repayment of approximately $35 million to Alameda Research with 2.21 percent annual interest. Wang testified that he signed the note and considered the interest payable, but did not recall its specific investment and was unaware of receiving corresponding money, stock, or other assets.

Government Exhibit 248 — The email exchange with Ryan Pinder addressed whether FTX should open withdrawals for Bahamian customers after withdrawals had generally stopped. Bankman-Fried wrote that FTX could open them if requested and testified that he was seeking clarification about what Bahamian officials wanted; he also acknowledged that Bahamian-only withdrawals were briefly opened.

Government Exhibit 267 — The Silvergate due-diligence questionnaire identified North Dimensions Inc., marked its business as proprietary and over-the-counter trading, and bore Bankman-Fried's signature dated December 9, 2020. He described it as the form used to apply for a North Dimension bank account and said he reviewed it only briefly.

Government Exhibit 568 — The FTX.com wire instructions directed customers to send funds to North Dimension Inc. at Silvergate Bank and did not name Alameda. Tareq Morad testified that he had not previously heard of North Dimension, while Adam Yedidia testified that Alameda controlled the account used for customer deposits.

Defense Exhibit 245 — The payment-agent agreement between FTX and Alameda concerned Alameda's processing of FTX customer deposits. Bankman-Fried testified that he believed it covered customer wires into Alameda and North Dimension accounts, but said he did not recall contemporaneous discussions with lawyers about whether it authorized spending those deposits.

Defense Exhibit 260 — The November 12 letter required Gary Wang to attend a meeting with the Securities Commission of the Bahamas and report by 2 p.m. Wang identified it as a fair and accurate copy of the letter he received, and the court received it in evidence.

Government Exhibit 1033 — The flow-of-funds presentation traces transfers associated with the Modulo Capital investment through bank records, the FTX database, and internal messages. Easton testified that the traced transfers totaled $292 million and that his broader analysis concluded the entire Modulo purchase used customer funds.

Government Exhibit 1051 — The chart compares FTX customer cryptocurrency balances in the database with cryptocurrency held in analyzed wallets. Easton's testimony identified a $10.3 billion difference as of October 31, 2022; the final chart covered 2021 and 2022 using the same overlap-period data as an earlier draft.

Government Exhibit 11 — The internal balance sheet, titled "Balance Sheet 10/1/22" and dated October 7, 2022, listed assets including locked Solana and locked Serum. Ellison testified that its $13.7 billion customer-liability figure had been copied from the prior month by mistake and estimated the October liability at approximately $14 billion to $15 billion.

Government Exhibit 1246 — The Greylock Financial Credit Union records concern Ryan Salame and were identified by stipulation as authentic business records. After reviewing the statements on cross-examination, Owens attributed a $250,000 VIEW PAC payment to Heller & Robbins under the LIFO method; the prosecutor later corrected counsel's assertion that the records had been received, and the court confirmed they were not in evidence.

Government Exhibit 1471 — The Forbes magazine cover features Samuel Bankman-Fried and was received in evidence and shown to the jury. Morad testified that the cover and other publicity contributed to his own conclusion that Bankman-Fried was a successful and legitimate entrepreneur.

Government Exhibit 2556 — The December 25, 2022 writing contains a numbered section about Nishad Singh. Bankman-Fried acknowledged that the section questioned why existing complaints appeared to identify three co-conspirators without leaving room for a fourth and considered several possible explanations for Singh's apparent absence.

Government Exhibit 25B — The document is part of Caroline Ellison's personal to-do list concerning her Alameda responsibilities and includes work priorities addressing hedging. Testimony concerning the exhibit addressed Alameda's unhedged exposure and competing accounts of responsibility for its financial condition.

Government Exhibit 28 — The spreadsheet identifies political donations associated with traced transfers. Owens compared its entries with bank records, including a $10 million One Nation donation and entries matching transfers connected to Results for North Carolina and Defending Main Street Super PAC.

Government Exhibit 323 — The Rewards Agent Agreement was described as carrying an earlier effective date. Testimony linked it to monthly staking-fee transfers that Singh said were backdated and increased stated, rather than real, 2021 revenue.

Government Exhibit 326 — The May 13, 2022 email sent FTX's new terms of service to a Sculptor recipient and provided a link to the terms shown separately as Government Exhibit 558. Can Sun confirmed the date, recipient, and linked document during cross-examination.

Government Exhibit 340 — The FTX Digital Markets asset-management policy provided that customer fiat and digital assets were to be held, segregated, protected, and returned in an insolvency. In rebuttal closing, the prosecution described it as applying to both fiat and cryptocurrency and stating that customer assets were held and ring-fenced rather than belonging to FTX.

Government Exhibit 3501-002 — The cooperation agreement lists the offenses to which Nishad Singh pleaded guilty, including a conspiracy to violate the Federal Election Campaign Act. Singh testified that no sentence had been promised and that any substantial-assistance letter depended on truthful cooperation rather than the trial's outcome.

Government Exhibit 3585-30 — Wang identified the document as his agreement with the United States. On redirect, portions listing charges were displayed after he testified that lying in government meetings could cost him the agreement and expose him to another charge.

Government Exhibit 42 — The document addressed why FTX should partner with K5. Singh testified that connections with celebrities and entrepreneurs could be valuable to the business depending on the circumstances and that Bankman-Fried had described K5 as a possible one-stop shop for such relationships.

Government Exhibit 505 — The government described the exhibit as containing a statement about routing Sam's donations through the speaker's name. The defense disputed whether the statement qualified under the asserted hearsay exceptions, while the government argued that it was an inculpatory statement against penal interest and also potentially a coconspirator statement.

indictment — The document charges seven separate crimes involving alleged fraud against FTX customers, Alameda lenders, and FTX investors, along with cryptocurrency-related fraud and money laundering. The jury received the relevant portions for reference and was instructed to consider each count separately.

Verdict form — The form required a separate guilty-or-not-guilty decision for each count and, following a Count Seven conviction, a unanimous finding on concealment money laundering, wire-fraud-proceeds money laundering, or both. All jurors were instructed to sign the completed form, which the foreperson later returned for publication of the verdict.

1000 series — The 1000 series comprises government financial analyses, including balance data over time and tracing of money through accounts. The defense accepted some summary exhibits but challenged certain flow charts as incorporating tracing assumptions and expert conclusions requiring additional foundation.

3500 series — The 3500 series contains the cooperation agreements for Caroline Ellison, Gary Wang, and Nishad Singh. In rebuttal, the prosecution said the agreements required truthful testimony, preserved their guilty pleas if breached, and conditioned a government cooperation letter on compliance.

3501-021 — The government interview notes were shown to Nishad Singh during cross-examination in attempts to refresh his recollection. Singh said one passage refreshed only a specific thought about bank accounts, while another did not restore his memory of saying he had unusual haziness about June and July 2022.

3501-028 — The government interview notes were shown to Nishad Singh during resumed cross-examination. After reviewing a passage, Singh recalled telling prosecutors that he thought FTX might last for years, but rejected the stronger formulation that it would.

3501-103 — The government interview material concerned Nishad Singh’s understanding of donation funding. Singh accepted that he believed he was responsible for repayment and expected the related transfers to be booked as loans, although he did not recall the exact words used with prosecutors.

3550-28 — The prosecutor interview notes were shown to Caroline Ellison during cross-examination in an attempted recollection refresh. The displayed memorandum did not restore her memory of the statement counsel attributed to her.

3585-009 — The government interview material was used in an attempt to refresh Gary Wang’s recollection about whether he had described Alameda’s allow-negative feature as part of market making. Wang did not remember using the precise wording attributed to him.

3585-025 — The interview material addressed the allow-negative feature and stablecoin conversions. After reviewing it, Wang confirmed that the feature was necessary for stablecoin conversions but remained uncertain whether he had called it part of Alameda’s market-making function or exchange functionality.

A conversation described in Michael Lewis's book and sourced to the defendant, identified by the government while requesting a preview of the proposed testimony — At a Day 16 sidebar, the government described the book account as sourced to Bankman-Fried and requested an advance preview outside the jury's presence so it could raise hearsay objections. The government characterized the anticipated account as retrospective, potentially self-serving, and inadmissible hearsay.

Affirmation concerning Robinhood shares and Antigua litigation — Bankman-Fried testified that Emergent Fidelity purchased the Robinhood shares and was owned by him and Gary Wang. He said he understood the affirmation as a response to litigation against Emergent in Antigua, rather than a process designed to return the shares to a bankruptcy estate for customers.

Alameda financial statements provided to lenders — During its opening statement, the prosecution said jurors would see financial statements Alameda sent to lenders and alleged that the documents contained falsehoods used to obtain lender funds.

Alameda loan sheets requested from Jayesh, Caroline, and Can Sun — Singh testified that loan sheets he requested from Jayesh, Caroline, and Can Sun omitted many political-donation transfers as repayment obligations. He cited that omission, along with the absence of paperwork and prior discussion, when explaining why he did not regard the transfers as real loans.

AT&T records for the 9179 phone — The government supplied the records and specified the phone number, dates, and times for a cell-site analysis. The records showed tower connections, but they did not identify who used the device or reveal call content.

August 12 physician's letter — During a Day 9 procedural discussion, the court said the August 12 letter was months old and did not establish a present need for the medication or explain the effect of not receiving it. The court also requested evidence of the reported Bureau of Prisons evaluation.

Bankman-Fried's notes written after the November 11 bankruptcy filing — The notes included Bankman-Fried's reflection that the outcome would not have occurred in the same way if Alameda had been entirely separate from FTX. He testified that the relationship enabled the fiat account and a large position, and said better monitoring systems would likely have existed without that relationship.

Court Exhibit G–J — Court Exhibits G, H, I, and J comprise typewritten and handwritten witness-preparation notes in redacted and unredacted forms. The court reviewed the materials on Day 14 to resolve claims involving attorney-client privilege, legal advice, and preparation notes.

Court Exhibit HH — Court Exhibit HH contains the jury’s note stating that it had reached a verdict. The note was signed by Juror No. 4 as foreperson and marked Court Exhibit HH before the jury returned to the courtroom.

Court Exhibit X — Court Exhibit X contains the circulation draft of the proposed jury charge reviewed at the Day 17 charge conference. The court and counsel examined its treatment of wire fraud through misrepresentation and misappropriation theories, including whether misappropriation required proof of a false statement.

Court Exhibit X1 — Proposed language submitted after the earlier charge conference addressed the wire-fraud instructions and the possibility of special interrogatories. The court marked it as Court Exhibit X1 and rejected the relevant changes as too late and inconsistent with the government's earlier position.

Court Exhibit X2 — Defense-submitted language proposed defining a fiduciary relationship through concepts including reliance, dominance, and de facto control. The court marked the submission as Court Exhibit X2 for identification and declined to give the requested charge.

Court order providing four daily doses of Adderall — Defense counsel reported that Bankman-Fried was receiving only two doses in Bureau of Prisons custody and no lunchtime dose while at court. Counsel requested permission to provide the medication at lunch or an order directing the Bureau of Prisons to do so.

Defense cross-examination exhibit list and binder, much of which the defense described as possible impeachment material rather than material it intended to offer — The government anticipated hearsay objections to documents on the defense's cross-examination list. The defense said much of the three-inch binder consisted of possible impeachment material it did not intend to offer, and the court indicated that unresolved documents would probably be addressed individually.

Defense Exhibit 1614 — A graph depicted Bitcoin price fluctuations from January through October 2022. Gary Wang said it fairly and accurately represented those fluctuations, and the court received it in evidence.

Defense Exhibit 184 — A $2.6 million promissory note was shown to Gary Wang during redirect on Day 5. Wang said he did not know what the note was for.

Defense Exhibit 20, 22, 211, 184, 15, 16, 34, 23, and 24 — Nine promissory notes were identified by Gary Wang as notes he signed on the dates shown in the documents. The court received all nine defense exhibits in evidence during his Day 5 cross-examination.

Defense Exhibit 22 — A loan document for approximately $54 million was shown to Gary Wang during redirect on Day 5. Wang recognized it as another loan document but did not recall what it was for.

Defense Exhibit 268 — A promissory note documented the management incentive compensation loan that Can Sun said he received to buy a house in the Bahamas. Sun identified the note, and the court received it in evidence without government objection.

Defense Exhibit 3501-11 — Nishad Singh entered the proffer agreement before obtaining a cooperation agreement. He testified that information from the interviews could be used to pursue leads against him and that false statements could be separately prosecuted, even if he never received a cooperation agreement.

Defense Exhibit 3524-012 — Can Sun identified the document as his nonprosecution agreement and confirmed that it bore his signature. The court received it in evidence without government objection during his Day 12 cross-examination.

Defense Exhibit 683 — A document was shown only to Robert Boroujerdi in an effort to refresh his recollection about whether FTX-related entities served as transaction conduits. No additional answer on that subject followed.

Defense Exhibit 787 — Audited FTX financials were provided to Paradigm, but Matthew Huang could not recall reviewing them before Paradigm's investment or whether they were available then. An attempt to introduce the exhibit encountered a foundation objection, and the cross-examination ended without establishing that Huang had reviewed it before investing.

Defense Exhibit 815 — An amended and restated master loan agreement dated January 26, 2022 governed ongoing loan transactions between BlockFi International and Alameda Research. Zac Prince explained that such an agreement supplied overarching terms for later loans, which could then be documented through shorter transaction-specific instruments.

Defense Exhibit 816 — A BlockFi credit memo dated August 13, 2021 addressed Alameda-related underwriting challenges and exception approval, including credit exposure and collateral considerations. The court received the exhibit but instructed that information attributed to Alameda could not be considered for its truth.

Defense Exhibit 817 — A BlockFi credit memo dated August 31, 2021 considered an approximately $470 million new loan request when existing loans totaled about $267 million. Zac Prince testified that the particular proposed loan was not made; the court admitted the memo but excluded non-BlockFi statements from consideration for their truth.

Defense Exhibit 836 — A Supreme Court of the Bahamas order directed FTX Digital Markets, its officers, and directors to transfer the company's digital assets into the Securities Commission's custody. Krystal Rolle testified that Bankman-Fried was subject to the order and could face contempt and imprisonment for failing to comply.

Defense Exhibit 837 — Signed by Securities Commission Executive Director Christina Rolle, the order directed Bankman-Fried to transfer FTX Digital Markets digital assets to the Commission. The court received Defense Exhibit 837 and permitted its publication to the jury.

Defense letter dated October 10 concerning Anthropic and venture-capital portfolio evidence — The letter framed the defense's position that portfolio theory was relevant to rebut the portrayal of venture investments as speculative, risky, and illiquid. The government sought to exclude questioning about Anthropic and the broader portfolio approach.

Defense letter regarding the defendant's access to Adderall — The defense cited the letter while proposing a shortened court day to resolve access to a midday dose. After learning that extended-release medication would not be available until Thursday, counsel requested an adjournment until then and said the pause was needed for Bankman-Fried to participate meaningfully as the defense case approached.

Defense Rule 17(c) subpoena to Fenwick & West, including a request for a data-retention policy — Defense counsel said the earlier subpoena had been denied and that no trial subpoena was served. The government objected to Bankman-Fried telling jurors that he had tried but failed to obtain supporting records, and the court reserved whether to give an instruction if the subject arose again.

Docket item 334 — During the Day 17 charge conference, the court said the government's October 25, 2023 letter appeared to take the position that proof of a false statement was required under the misappropriation theory. The court reconvened the parties to address the apparent conflict with proposed charge language.

document referring to "$150 million for the thing" — The prosecution said Ellison would explain that she used the coded wording because she believed the conduct was criminal. The document was among the China-related material discussed as limited-purpose Rule 404(b) evidence.

DX 1022 — Peter Easton said he did not recognize the document. Under the court's direction, that negative response ended the inquiry.

DX 3574-424D; GX 1235 — The defense showed a backup spreadsheet and a Genesis loan repayment summary in an effort to refresh Peter Easton's recollection about whether selected payments represented principal or collateral. The materials did not refresh his recollection, and he remained uncertain whether the approximately $3.5 billion paid to Genesis consisted of principal, interest, or both.

DX-10 — The court sustained the government's objection after argument over the business-record and then-existing-state-of-mind exceptions, excluding the message.

DX-155 — The court received the Voyager master loan agreement during Caroline Ellison's Day 7 cross-examination without substantive objection.

DX-165 — Bankman-Fried recognized the document and identified it as an older version of the FTX terms of service during his Day 14 direct testimony.

DX-179 — Bankman-Fried gave the same identification he had given for DX-165, describing DX-179 as an older version of the FTX terms of service.

DX-434 — Bankman-Fried identified DX-434 as an older version of the FTX terms of service, giving the same answer he had given for DX-165 and DX-179.

DX-488 — The court excluded the memorandum because its mere existence, considered apart from its contents, was not relevant.

DX-5 — Bankman-Fried described the document as a late-September or early-October 2022 priority list of the kind he prepared every few weeks to communicate his focus, obtain employee feedback, and receive updates. The court received the exhibit and permitted its publication.

DX-6 — The court received the FTT white paper for a limited purpose rather than for the truth of its contents.

DX-964 — The defense offered the blog post to show state of mind and rebut the proposition that FTX was fraudulent from its beginning. After finding that the cited transcript passage did not support counsel's characterization, the court sustained the objection and excluded the document without deciding the underlying factual dispute.

DX-978 — Bankman-Fried described the document as an explainer page written for FTX customers about spot-margin trading. The court received it only to establish that such a document existed, not for the truth of its contents.

Evidence concerning four other items involving lawyer-drafted plain-vanilla legal documents, including a promissory note for an Alameda loan — The court found that the alleged problems concerned conduct and intent collateral to the documents themselves. It excluded the items because their relevance was exceptionally tenuous or nonexistent and any probative value was substantially outweighed by unfair prejudice and confusion.

Evidence that Mr. Friedberg and other FTX counsel implemented the company's data-retention policy — The court allowed evidence that counsel participated in preparing FTX's data-retention policy. The government could cross-examine Bankman-Fried about the policy and the basis for his knowledge of it.

fiat-account bug postmortem — The postmortem documented steps taken to correct the fiat-account bug and noted an error of approximately $8.2 billion. Yedidia acknowledged that it did not state the remaining liability.

Final jury charge — During the Day 19 charge conference, the parties identified a conscious-avoidance typo and omissions involving concealment money laundering and the reasonable-doubt standard. The court accepted the corrections and clarifications while preserving earlier charge objections.

Founder-loan documents, including a promissory note — The defense argued that counsel's preparation of founder-loan paperwork could bear on Bankman-Fried's belief that the transactions were proper. The court and government questioned that connection when there was no showing that counsel knew the material facts about the underlying use of funds.

FTX terms of service and clickwrap language — During the Day 17 charge conference, the parties disputed proposed language addressing clickwrap formation and the terms of service. The court questioned whether the record established pre-May 2022 terms, whether clicking formed a contract, and what law governed formation.

FTX terms-of-service acknowledgment — Julliard confirmed that he checked a box acknowledging receipt of FTX's terms of service but could not recall reviewing them at the time.

FTX's terms of service — The prosecution said the terms told customers that their cryptocurrency remained theirs, was available for withdrawal, and would not be used by FTX. It anticipated that the defense would rely on other portions of the terms and argued that those provisions did not address the alleged diversion of customer assets.

Government Exhibit 10 — The external October 2022 balance sheet reported total liabilities of $8 billion, compared with $15.6 billion on the internal version. Ellison testified that later external sheets continued to omit explicit disclosure of Alameda's borrowing from FTX customers.

Government Exhibit 1017A-1017K and 1018 — The exhibit series contains tracing analyses and a summary chart for repayments to third-party lenders. Easton's analysis compared customer cryptocurrency, wallet holdings, lender repayments, and Alameda's balance with spot-margin borrowing.

Government Exhibit 1045 — The tracing exhibit listed uses that included real estate and transfers to Modulo, Dave Inc., Anthropic, and K5. Bankman-Fried agreed that those listed transactions were not trades on FTX, while qualifying some answers based on whether the exhibit was correct.

Government Exhibit 1087 — The exhibit was discussed during Caroline Ellison's resumed direct testimony on Day 6 in connection with materials concerning the leaked Alameda balance sheet.

Government Exhibit 1089 — The chart shows selected incoming wires from an Alameda Research account to Samuel Bankman-Fried's Prime Trust account alongside outgoing transfers. Owens identified matching dates for selected transfers on March 11, April 4, and January 31, 2022.

Government Exhibit 1308, 1313, and 1312 — Under a stipulation identified during Paige Owens's Day 11 testimony, the exhibits were described as authentic Prime Trust business records relating to Nishad Singh, Samuel Bankman-Fried, and Alameda Research.

Government Exhibit 1320 — Under a stipulation identified during Paige Owens's Day 11 testimony, the exhibit was described as containing true and correct copies of authentic Signature Bank business records relating particularly to Ryan Salame and Samuel Bankman-Fried.

Government Exhibit 1336, 1337, and 1338 — Under a stipulation identified during Paige Owens's Day 11 testimony, the exhibits were described as authentic Silvergate Bank business records relating to North Dimension, the Alameda market-maker account, and the FTX Digital Markets account.

Government Exhibit 141A — The November 13, 2022 excerpt from Alameda Research's general ledger showed transfers to Samuel Bankman-Fried and Ryan Salame. Sun testified that those transfers were absent from and unfamiliar to him based on his loan records, and that he had not previously seen the ledger excerpt.

Government Exhibit 14A — The spreadsheet entry states "Hedged with 2X BTC." Bankman-Fried testified that it reflected an expectation or understanding that Alameda had sold Bitcoin worth twice the size of its Genesis Digital Assets investment.

Government Exhibit 14A and Stipulation Exhibit S2003 — The government offered the June 17, 2022 Venture Deals spreadsheet under Stipulation S2003 as Nishad Singh's testimony turned to venture spending. The court received both the stipulation exhibit and Government Exhibit 14A and permitted publication.

Government Exhibit 1617 — The exhibit presents line-of-credit usage data for the period before October 2022. During the Day 18 defense closing argument, counsel displayed it after arguing that only about $3 billion of the $65 billion line was used in practice.

Government Exhibit 17 — The balance sheet sent to Genesis matched alternative 7 from Government Exhibit 44. Ellison testified that it did not identify Alameda's borrowing of billions of dollars from FTX customers and characterized sending it as dishonest and wrong.

Government Exhibit 1737 — The exhibit contains FTX code for one of two closely related functions associated with the get-LOC-in-use query. The code showed that querying Alameda's account caused two additional accounts to contribute to the calculation, while the resulting chart did not separately identify their contribution.

Government Exhibit 19 — Ellison identified the sheet as an internal version because it included an FTX borrows line and testified that the line showed about $13.7 billion borrowed from FTX customers. She also said she shared the sheet with Bankman-Fried.

Government Exhibit 20 — The drafts were addressed in testimony describing continued public reassurance about assets and withdrawal processing while internal estimates indicated that FTX could not satisfy customer holdings.

Government Exhibit 200 — The board consent was presented during Bankman-Fried's Day 16 cross-examination amid questioning about Robinhood ownership, investments, and financial knowledge.

Government Exhibit 211, 225, and 236-242 — Can Sun described documenting $2.17 billion in Alameda loans, including a $369,667,182.50 note to Bankman-Fried. He said he believed the money belonged to Alameda and would not have documented loans involving customer funds.

Government Exhibit 221, 223, 224, 281, 282, 285-287, 290-293, and 302 — The emails and appointment records were received under an authenticity stipulation before being compared with the cell-site analysis. Busick said he reviewed the appointment documents after his initial analysis and compared local-time appointment windows with phone connections to assess whether the records were consistent with the phone being near specified locations.

Government Exhibit 2503 — The December 4, 2022 Financial Times article by Joshua Oliver was admitted for the fact that statements were made, not for the truth of those statements.

Government Exhibit 2511A — The court questioned the article's relevance and hearsay basis and required further foundation. It was then used in an unsuccessful attempt to refresh Bankman-Fried's recollection.

Government Exhibit 2525 — The February 2022 email described Alameda's account access as equivalent to that of other users. It was presented during Bankman-Fried's Day 16 cross-examination alongside questioning about exceptions applicable to Alameda's account.

Government Exhibit 2534 — The defense questioned whether the Google Drive document was a draft and whether testimony supported treating it as a final version. After the parties stipulated to what a Google witness would have said, the court declared the exhibit connected and in evidence and stated that no rebuttal case remained.

Government Exhibit 2577 — Bankman-Fried testified that membership on the trading and settlements teams varied over time. After reviewing the list, he identified Stephen Liu and Terence Choo as people he recalled making multimillion-dollar trading decisions, but did not identify anyone on it as making multimillion-dollar investment decisions.

Government Exhibit 26 — The spreadsheet was among the documents addressed during Can Sun's direct testimony on Day 12.

Government Exhibit 3009, 3010, 1039, and 1031 — Easton used the messages and analyses while tracing selected political-contribution payments through bank accounts. He distinguished direct tracing from conclusions based on relative inflows and said he could not directly trace Nishad Singh's $1 million contribution to customer funds.

Government Exhibit 318 — The March 2022 email stated that Alameda lacked special access and that its account operated like other users' accounts. It was presented during Bankman-Fried's Day 16 cross-examination alongside questioning about exceptions applicable to Alameda.

Government Exhibit 320 — Huang identified the document as an April 25, 2021 email from Bankman-Fried to several Paradigm team members, including Huang. The email chain was among the contemporaneous materials Paradigm reviewed during due diligence and was received without a defense objection.

Government Exhibit 320A — Huang identified the document as an Excel spreadsheet titled FTX stats, 2021, April 23, which appeared to be attached to the preceding email. He described it as containing business and financial metrics about FTX and explained why excluded expenses would matter, while not identifying any particular omitted expense or why it was absent.

Government Exhibit 342 — The September 4, 2022 email exchange shows Bankman-Fried replying with the number 650-906-9179. Agent Busick confirmed that this was the number he analyzed.

Government Exhibit 3550-079 — The cooperation agreement required Caroline Ellison to testify truthfully and provided for a government letter describing her cooperation, without promising a sentence. Ellison acknowledged that she hoped her cooperation would result in leniency.

Government Exhibit 3585-014 — The November 17, 2022 proffer agreement was signed when Gary Wang first met with prosecutors. Wang identified the displayed document as a fair and accurate copy of that agreement.

Government Exhibit 3585-030 — Wang confirmed that he signed the cooperation agreement on December 19, 2022 and was testifying pursuant to it. When its securities-fraud count was discussed, he noted that the agreement said only securities fraud and separately confirmed his understanding that the count concerned FTX investors.

Government Exhibit 39A — Sam Bankman-Fried's Alameda-Modulo document was allowed after the court heard arguments about relevance, cumulative proof, the Alameda-Modulo relationship, and competing accounts of direction and responsibility.

Government Exhibit 4000 — Bankman-Fried recognized the document but said he had not known of it when it was enacted and had seen it only around November 2022. He testified that it was neither the document-retention policy he had described nor substantively similar to that policy.

Government Exhibit 41 — The spreadsheet was referenced during Caroline Ellison's Day 6 direct testimony.

Government Exhibit 417 — The BlockFi credit memo contained credit analysis and stress testing concerning Alameda and was maintained in BlockFi's regular business operations. Zac Prince testified that Alameda's reported financial information and BlockFi's stress testing made Alameda appear well capitalized.

Government Exhibit 418 — The Q3 2022 Alameda balance sheet was an unaudited financial statement published during Zac Prince's testimony. Prince testified that BlockFi relied on Alameda balance sheets along with collateral, wallet information, and communications.

Government Exhibit 418, 419, and 460 — The June and September 2022 balance sheets were prepared for external lenders. Ellison characterized them as dishonest because some FTX borrowing was netted against related-party loans and the remainder was placed in broader loan categories, leaving Alameda's borrowing from FTX customers undisclosed.

Government Exhibit 419 — The Alameda Q2 balance sheet was published during Zac Prince's Day 8 testimony. Prince testified that BlockFi relied on Alameda's unaudited balance sheets, collateral, wallet information, and communications.

Government Exhibit 432 — The handwritten notes concern a discussion about stopping Alameda's trading on FTX and were referenced during Caroline Ellison's Day 6 direct testimony.

Government Exhibit 433A-T through 433F-T — The documents contain transcripts corresponding to six authenticated audio excerpts from an Alameda all-hands meeting. The court received the recordings and transcripts while directing that the audio controlled if the two differed.

Government Exhibit 44F — The file was placed beside Government Exhibit 44M while Cory Gaddis's testimony addressed an email-address field in the accompanying metadata file.

Government Exhibit 48A — The notes contain Ellison's accounting of funds Alameda was borrowing from FTX and were an excerpt from a longer document. She testified that the list showed about $10 billion in fiat borrowing and approximately $3 billion in cryptocurrency borrowing through the line of credit.

Government Exhibit 48B — Shown after Ellison explained expected-value analysis, the excerpt was offered without objection and received in evidence during her Day 5 testimony.

Government Exhibit 49A — Ellison described the May 7, 2022 update as a document she wrote and sent to Bankman-Fried for comments and feedback. Its worries section addressed Alameda's leverage, balance sheet, and the risk of greater losses if the market declined.

Government Exhibit 514 — The defense argued that the email concerned a different Bahamian entity and risked confusion. After Can Sun explained FTX Digital Markets' relationship to ftx.com, the court overruled the renewed objection and admitted the exhibit.

Government Exhibit 523 — Robert Boroujerdi testified that a broker's salesperson introduced him and his firm's chief investment officer to individuals at FTX by email. The court received the exchange without objection during his Day 12 testimony.

Government Exhibit 527 — The September 24, 2022 email described plans for a small investor lunch with Bankman-Fried in New York City on October 14. After a hearsay objection, the court received the exhibit subject to connection through a later witness.

Government Exhibit 529 — The email forwarded deleted tweets attributed to Bankman-Fried, including statements that FTX had enough to cover all client holdings and did not invest client assets. Boroujerdi testified that the description was consistent with his understanding of FTX's terms of service and agreement.

Government Exhibit 532 — Kungyu Matthew Huang identified the exhibit as a PowerPoint presentation from FTX that Paradigm received while evaluating the company. The court received it without objection during his Day 3 testimony.

Government Exhibit 540 — Morad's completed wire listed North Dimension Inc. as the beneficiary and Silvergate Bank as the destination bank. Morad testified that he had never heard of North Dimension before seeing the funding instructions and did not know whether it was connected to FTX.

Government Exhibit 547 — The document served as the cover correspondence transmitting a November 12 letter and was identified during Gary Wang's redirect testimony on Day 5.

Government Exhibit 67 — Dated January 30, 2020, the document showed Samuel Bankman-Fried owning 90 percent of Alameda and Gary Wang owning 10 percent. Wang identified Bankman-Fried as the signer of its certification and testified that the ownership percentages never changed while Wang was an owner.

Government Exhibit 79 — Can Sun's spreadsheet tracked $2.17 billion in Alameda loans that he documented, including a $369,667,182.50 note to Bankman-Fried. Sun said other ledger transfers to Bankman-Fried and Ryan Salame were not reflected in the loan records he maintained.

Government Exhibit 80, 84, 86, and 192 — The group included a September 8, 2022 Clifton Bay Investments name-change document, September 25 written resolutions changing a company name, an October 6 updated Clifton Bay certificate of incorporation, and a September 12 Alameda Research Investments document. The court received all four pursuant to a stipulation.

Government Exhibit 828 — The August 3, 2021 message announced Caroline Ellison and John Samuel Trabucco as Alameda Research's co-chief executives and Nate Parke as its chief technology officer. Christian Drappi identified Bankman-Fried as the person who posted it.

Government Exhibit 849 — The exchange included Bankman-Fried's May 28, 2022 response stating that he no longer ran Alameda and that questions should be directed to its leadership. The court instructed the jury not to consider Mr. Tomlin's preceding statement for its truth, but only as context setting up the response.

Government Exhibit 881 — The opening or profile page identified Kelsey Piper as a senior writer at Vox's Future Perfect. The defense objected on hearsay grounds, the government offered it for its effect on the listener, and the court overruled the objection.

Government Exhibit 908 — The Bloomberg article addressed Alameda and FTX, including a statement denying different treatment. Ellison testified that the statement was misleading because Alameda had a special line of credit unavailable to other market makers.

Government Exhibit 914A, Bankman-Fried's February 2022 Senate testimony — Counsel referenced the exhibit during Bankman-Fried's Day 15 direct examination.

Government Exhibit 933 — The affirmation concerned Bankman-Fried's ownership of Robinhood shares and was addressed during his Day 16 cross-examination.

Government Exhibit 96 — The agreement restricted off-exchange withdrawals under a market-maker line of credit and was addressed during Bankman-Fried's Day 16 cross-examination.

GX 1001; GX 1702 — The account-selection materials included a document Easton said he originally used to identify accounts with the Allow Negative flag. The court barred publication and substantive use of GX 1702 until the defense established a foundation, and sustained a foundation objection.

GX 1030; DX 3574-431 — GX 1030 was a flow chart concerning the K5 investment, with DX 3574-431 described as its supporting spreadsheet. During Easton's cross-examination, the court sustained an objection to the form of a question about sources shown in the backup material.

GX 1238 — The Genesis collateral summary was shown in an effort to refresh Easton's recollection about whether selected payments were collateral postings by Alameda. Easton said it did not refresh his recollection.

GX 3 — The exhibit listed properties purchased in the Bahamas. During Singh's cross-examination, questioning addressed an entry for Albany Lot 44, described as the Conch Shack.

GX-240 — The promissory note documented a loan from Alameda to Bankman-Fried. He identified it during direct examination as an example of the loan documents used for some Alameda-funded investments.

GX-844, referencing testimony before the House Committee on Agriculture — Defense counsel briefly displayed the document and asked Katz about its reference to House Committee on Agriculture testimony. Katz confirmed that the committee had oversight of the CFTC, after which counsel had the exhibit taken down.

GX-913-A — GX-913-A contained excerpts of Bankman-Fried's submissions to the House Financial Services Committee before his testimony. During Katz's Day 11 testimony, the court limited some questions about the displayed submissions and later allowed attention to language concerning adequate resources.

GX-913-T — The document was a transcript of excerpts from Bankman-Fried's congressional testimony corresponding to the GX-913 video exhibits. The court received it and permitted its publication during Katz's Day 11 testimony.

GX-914-A — The exhibit contained excerpts of Bankman-Fried's submissions to a Senate committee. Displayed passages stated that FTX maintained liquid assets for customer withdrawals and segregated customer assets from its own assets; Katz said she had no reason at the time to believe the statements were false, but lacked operational visibility and did not draft the document.

GX-914-T — The document was a transcript of excerpts from Bankman-Fried's Senate testimony corresponding to the GX-914 video. It was presented during Katz's Day 11 testimony.

GX-916-T — The document was submitted by Bankman-Fried to the House Committee on Agriculture for a June 23, 2022 hearing. Katz recognized material in it as an FTX blog post published before she joined the company and believed it was the company principles document; she did not claim authorship of the underlying content.

Indictment proposed for redaction before being provided to the jury — The defense proposed redactions before the indictment was provided to the jury. The court deferred discussion until a break, and the government said it would not oppose the application and could prepare a redacted or cleaned-up version.

Internal company files — In its Day 2 opening statement, the prosecution said internal company files would document money it alleged was taken and the ways it alleged the conduct was concealed.

June 24, 2020 wire instructions directing an FTX customer to an Alameda account at Silvergate Bank — The defense displayed the instructions as an example of an FTX customer being told to wire funds to Silvergate Bank in Alameda's name. It said the funds were tracked through FTX's fiat@ ledger entry, although that balance was not properly reconciled.

Juror No. 5's note about internet articles — The juror note expressed concern that internet articles had identified Juror No. 5 by name. The court said it would tell the juror that nothing could be done and marked the note as the next court exhibit in order.

Memo discussing wrong-way risk in contemplated Alameda loans backed by FTT — Prince said the memo identified wrong-way risk in contemplated loans to Alameda using FTT as collateral. He clarified that the contemplated transactions were with Alameda.

Mr. Sun's agreement with the government — The agreement states that it furthered the request for Sun to testify and should not be construed as a legal or factual determination that he violated federal law.

Order permitting early production of Mr. Bankman-Fried — The court confirmed on Day 2 that the order had been filed and sent to the Marshal Service, with early production expected the next morning.

payment-agent agreement associated with Dan Friedberg — The government argued that Dan Friedberg's alleged involvement in drafting the payment-agent agreement did not show that he knew how funds were being used under it or advised that the agreement authorized such use.

Portions of Bankman-Fried's written congressional testimony — GX-914A contains portions of written congressional submissions that Bankman-Fried said were prepared with members of FTX's policy team and others. He discussed his understanding of withdrawal liquidity and customer protection while acknowledging a major risk-management oversight.

Potential defense expert notices — The government said it would not call a previously contemplated commodities expert, and the defense said it would not offer a rebuttal to an expert who did not testify. The defense agreed to provide a more concrete answer about its potential experts the next morning.

Prior trial transcript excerpts used to revisit cross-examination answers — The excerpts revisited Bankman-Fried's testimony about querying an AWS database, margin withdrawals, and the risk engine. On redirect, he was invited to provide explanations that he said had not been requested during cross-examination.

Prosecutor interview notes shown during cross-examination — Singh testified that he did not take the prosecutor interview notes, had never seen them before that day, and had not been asked to review them for accuracy.

Rebuttal expert notices — The court stated that rebuttal expert notices were due October 23 and directed the parties to seek a reasonable compromise concerning notice of other witnesses, with an update due the next morning.

Section of FTX's terms of service relating to margin trading — The displayed section addressed FTX margin trading. The defense described margin loans as exchange loans backed by customer collateral and said the business issue was whether a borrower had sufficient security or collateral.

Securities Commission of the Bahamas asset-transfer order described by Bankman-Fried — Bankman-Fried testified that Christina Rolle read an order directing him and Gary Wang to assist in transferring accessible FTX assets to a custody solution established by the Securities Commission of the Bahamas. He said they complied.

Spreadsheet reflecting a $7 billion shortfall and sent to Apollo — Can Sun testified that he understood the spreadsheet to reflect a $7 billion shortfall and confirmed that it was sent to Apollo while Bankman-Fried was speaking with investors.

Spreadsheet summarizing the financial state of FTX, Alameda, and the fiat account — Bankman-Fried described the spreadsheet as summarizing the financial state of FTX, Alameda, the fiat account, and other matters. He testified that it included an $8 billion liability and was provided to Apollo while Apollo considered financing.

The court's October 1 order addressing the possible relevance and prejudicial or confusing effect of evidence about counsel's involvement — The October 1 order addressed both the possible probative value of counsel's involvement and the risks of prejudice or confusion. During Day 6 argument, it was cited as requiring specificity about who was involved, what counsel knew or approved, and the relevant subject matter.

the note Wang was asked to sign — Wang testified that Bankman-Fried gave an explanation involving an FTX investment and not wanting the money to come from Alameda. Wang said he was not entirely clear about that explanation.

typewritten jury instructions — The typewritten charge reflected the court’s corrections to omissions and oral departures from the script. The court emphasized that every essential element required proof beyond a reasonable doubt and reread corrected language on concealment money laundering and conscious avoidance.

Written testimony submitted to Congress — The written testimony was submitted to Congress and discussed during Eliora Michaela Katz’s cross-examination. Katz said she did not work on it and agreed that Mark Wetjen and Samuel Bankman-Fried did.

Yedidia immunity orders — The immunity orders compelled Adam Yedidia to provide information and trial testimony after he requested immunity. Yedidia understood that the protection did not cover false testimony and confirmed that a separate order applied to his trial testimony.

Demonstratives (27)

Government Exhibit 343 — The spreadsheet was received in evidence during Nishad Singh's Day 9 testimony. On Day 10, its Miami-Dade FTX Arena entry showed a March 22, 2021 start date and a 19-year duration.

Defense Exhibit 1617 — The graph summarizes a daily in-use line-of-credit amount for Alameda from October 2021 through November 2022 using extracted database data. Testimony clarified that it did not report Alameda's aggregate account balances or the aggregate balance of accounts with the allow-negative flag.

Defense Exhibit 1619 — The pie chart shows all-currency balances from a database snapshot after excluding Alameda and FTX entities, divided between accounts within and outside specified spot-margin, lending, or futures-activity categories. The total shown was $8.9 billion, and testimony clarified that the chart did not state how much was actually lent through spot margin.

Government Exhibit 1080 — The summary report and presentation map selected AT&T tower connections for a specified phone number and compare them with requested dates, times, and locations. The analysis placed the device within coverage areas rather than at exact positions, and it could not identify who used the phone or what was discussed during any calls.

3000 series — The 3000-series slides were intended as demonstrative aids and included document excerpts, call-outs, and some news articles. After the defense objected to displaying material not in evidence, the court allowed counsel to confer about specific documents and any remaining need for a limiting instruction.

Agent Owens's political-donation flow-of-funds analysis — Agent Owens's analysis traced flows of funds relating to political donations. During closing argument, the defense characterized the tracing as limited to where funds moved and disputed the reliability of part of the methodology.

charts and summaries of underlying evidence — The charts and summaries synthesized portions of underlying evidence to help the jury analyze the record. The court instructed jurors to decide whether they accurately presented that material and not to treat them as independent proof.

Defense Exhibit 1613 — The proposed timeline listed dates on which Gary Wang met with the government, and Wang agreed that it accurately captured the dates discussed during cross-examination. The court sustained the government's objection to publishing the timeline after those dates had already been elicited in testimony.

Defense Exhibit 1618 — The pie chart presents balances for four selected currencies from accounts excluding Alameda and FTX entities, divided by specified spot-margin, lending, or futures activity. It showed approximately $5.8 billion in total balances, with about 78 percent in the grouped activity category and 22 percent outside it.

DX-1616 — The court received the unmarked December 2022 calendar during Caroline Ellison's cross-examination on Day 7.

Government Exhibit 1001–1051 — The exhibit range comprises Professor Easton's charts analyzing balances and tracing funds. In closing, the prosecution directed jurors to this range for the full set of tracing and balance analyses and argued that the charts showed money being moved and its source concealed.

Government Exhibit 1002 — The chart displays Alameda account balances using a defined set of included accounts and currencies. Cross-examination established that its figures differed substantially from another Alameda balance chart built with different variables, while the prosecution relied on it in rebuttal as a broader presentation of Alameda's balances.

Government Exhibit 1003, 1004, 1045, and 3004 — The charts compare the fiat customer liability, relevant bank balances, and analyzed uses as of June 30, 2022. Easton testified that the liability was $11.3 billion while approximately $2.3 billion was present in the relevant customer accounts, although he did not directly trace every expenditure.

Government Exhibit 1088 — The chart showed seven incoming and seven outgoing Greylock wires, including a $250,000 wire to VIEW PAC dated May 16, 2022. After reviewing the underlying statements, Owens testified that the payment's last-in, first-out source was Heller & Robbins rather than the North Dimension transfers appearing earlier in the sequence.

Government Exhibit 1088, 1089, and 1090 — Government Exhibits 1088, 1089, and 1090 presented bank-record tracing charts prepared after Owens reviewed thousands of pages of statements. Owens confirmed that the charts accurately conveyed information from those statements, and the court received them without objection.

Government Exhibit 3000 — The aid displayed bank-statement excerpts from Alameda Research and North Dimension accounts during Paige Owens's Day 11 testimony and was identified as admitted for demonstrative purposes.

Government Exhibit 3000-3016 — The series consisted of charts and tables designed to illustrate other materials and help explain Peter Easton's testimony. The court instructed the jury that the demonstratives were not themselves evidence.

Government Exhibit 3017 — The exhibit placed screenshots from Gary Wang's laptop beside screenshots from Caroline Ellison's phone extraction, showing views of the Signal group named “#organization.” Troiano described a log of membership changes and changes to auto-deletion settings on the laptop view.

GX 1002; GX 1005 — GX 1002 and GX 1005 displayed Alameda account balances using different analytical inputs. Easton agreed that the charts differed by about $7 billion for the same April 2022 date because they included different accounts and currencies.

GX 1004; GX 1005 — GX 1004 and GX 1005 addressed the fiat liability and Alameda balances. Easton agreed that the fiat subaccount entry included customer deposits made through Alameda, North Dimension, and FTX accounts, and that GX 1005 did not exclude the FTX bank-account portion even though it should not have been attributed to Alameda.

GX 1017 series — The GX 1017 series displayed account 9 balances in connection with lender repayments. Easton agreed that the account's displayed balance increased by almost $7 billion during a period of significant repayments, while noting that cryptocurrency balances could fluctuate.

GX 1018; GX 1017A — GX 1018 reflected Easton's conclusions about customer funds and other assets used for third-party-lender payments from May through November, with GX 1017A serving as a related repayment analysis. Easton said he was uncertain whether the Genesis payments included principal, interest, or both.

GX 1039; GX 1041 — GX 1039 and GX 1041 illustrated flow-of-funds analyses using date windows selected by moving backward through daily data until sufficient funds were located. Easton said he had checked longer and shorter windows and found that they did not alter his conclusions.

GX 3003 — The demonstrative used illustrative dollar figures to depict fiat-deposit mechanics, including a positive $100 entry in an FTX customer account. The court sustained objections to questions asking whether that entry reflected actual cash or legal tender.

Joseph Pimbley's database-query chart — Joseph Pimbley's chart presented results from a database query concerning Alameda-related figures. The prosecution argued that its scope omitted the fiat liability and included accounts containing assets such as FTT, and that Pimbley had not analyzed the significance of the selected numbers.

Opening-statement slides planned by both parties — Both parties planned to use slides during their opening statements and exchanged them before Day 1. Counsel were conferring about potential issues and said unresolved matters would be raised with the court.

Professor Easton's flow-of-funds charts — Professor Easton's charts depicted financial tracing and outflows through accounts. During closing argument, the defense argued that the analysis did not address intent and criticized its treatment of assets and some transfer attributions.

Testimony References (11)

Can Sun's anticipated testimony — The prosecution identified Sun as the next day's witness and asked the defense to flag possible presence-of-counsel issues before cross-examination. Counsel for the FTX debtors was expected to attend in case a privilege issue arose.

Can Sun's testimony about customer deposits being kept in an omnibus wallet separated from FTX proprietary funds — Sun testified that customer deposits were received and kept in an omnibus wallet for customer funds that was separate from FTX proprietary funds. The government said the existence of omnibus customer wallets was not disputed, while commingling, access, and depletion remained disputed matters.

Caroline Ellison's admitted testimony describing venture investments as risky and addressing the defendant's knowledge and the use of funds — Ellison had described venture investments as risky, and the defense sought to question her about a portfolio approach to venture investing. The prosecution said her admitted testimony concerned the defendant's knowledge, her state of mind, and discussions about money tied up in illiquid investments.

Caroline Ellison's earlier testimony about directions to use auto-deletion on messaging accounts — Ellison had testified that she or employees generally had been told that the defendant directed people to enable auto-deletion on some messaging accounts. The defense sought to ask whether lawyers were involved in the policy, while the government requested a more specific foundation and an admissible purpose for the questioning.

Caroline Ellison's testimony about unfreezing money in China and a possible bribe — Ellison's testimony concerned efforts to unfreeze money in China and what the court described loosely as a possible bribe. The court instructed jurors that the defendant was not charged with a crime relating to that possible bribe.

Government's proposed remote testimony from a possible Ukrainian FTX customer witness — The government proposed remote testimony from a possible Ukrainian FTX customer who viewed FTX as a safe place to store assets when he believed he had few other safe options. The defense argued that material portions would duplicate other customer testimony and challenged its relevance and the protection of confrontation rights.

Mr. Bankman-Fried's testimony from the prior day's evidentiary hearing — Bankman-Fried's prior evidentiary-hearing testimony addressed proposed evidence about attorney involvement. The defense sought to prevent its later use, while the government said it intended to use the testimony only if he testified inconsistently with it.

Prior testimony about omnibus wallets on the blockchain and its unclear relationship to fiat deposits or holdings — The court understood the earlier testimony to concern omnibus wallets on the blockchain for cryptocurrency but found the record unclear about any connection to fiat deposits or holdings.

Promised live testimony from customers, investors, and members of the defendant's inner circle — The prosecution's Day 2 opening promised testimony from customers and investors about representations they received and from members of the defendant's inner circle about Alameda's access to customer assets. It acknowledged that cooperating insiders had pleaded guilty and hoped for shorter sentences, and asked jurors to compare their anticipated accounts with documents and other testimony.

Proposed testimony about a conversation in which Bankman-Fried allegedly told Nishad that neither had done anything wrong; the government objected to its admission under Rule 803(3) — The defense proposed testimony that Bankman-Fried told Nishad Singh that neither of them had done anything wrong and that Singh responded that the answer was insufficient. The parties disputed whether the statement reflected a then-existing state of mind under Rule 803(3) or was an inadmissible retrospective statement of belief.

The defendant's congressional testimony — The prosecution's Day 2 opening said jurors would read portions of Bankman-Fried's testimony before Congress. It alleged that he told Congress FTX was not using customer money.

Stipulations (8)

Government Exhibit 2000 — Government Exhibit 2000 contains agreed facts about Samuel Bankman-Fried’s congressional testimony and identifies specified exhibits as accurate copies or excerpts of FTX website materials, advertisements, a podcast interview, and congressional testimony videos.

Government Exhibit 2001 — Government Exhibit 2001 confirms that listed tweets and retweets were authentic copies posted at the indicated dates and times and later deleted at the dates and times recorded in an attachment. It specifically identifies the deletion time for Government Exhibit 866.

Government Exhibit 2003 — The parties' stipulation was offered with the NAV Minus Sam Coins spreadsheet, GX 36. The court received both exhibits and directed that the electronic spreadsheet's missing exhibit marking be corrected.

Government Exhibit 2004, 1118, and 1122 — GX 2004 stipulated to the business-record authenticity of AT&T records designated GX 1118 and GX 1122. The court received the stipulation and both record exhibits during Agent Richard Busick's Day 10 testimony.

Government Exhibit 866 and 2001 — GX 2001 described listed tweets and retweets as authentic copies that were later deleted. Its deletion schedule stated that GX 866 was deleted on November 8, 2022, at 5:37 p.m.

Government Exhibit S-2000 — The government offered GX 902 pursuant to the S-2000 authenticity stipulation during testimony about FTX advertising. The court received S-2000, and associated FTX advertising and website exhibits were presented to the jury.

Government Exhibit S2006 — S2006 addressed the recovery of Caroline Ellison's iPhone and Gary Wang's Dell laptop and identified data extracted from the devices. The stipulation stated that GX 1662 contained selected data found on Ellison's phone when it was recovered.

S-3002 — The court received the S-3002 authentication stipulation and limited DX 1102 to pages 1 and 18. Those two pages were then permitted to be shown to the jury during Nishad Singh's Day 10 cross-examination.

Other (9)

1017A — Counsel asked for Exhibit 1017 to be displayed at the start of brief recross and confirmed that subpart A was acceptable. The request followed testimony that cryptocurrency fluctuations and other inflows and outflows could change the examined account balances.

1017B — After asking for Exhibit 1017 to be shown at the start of brief recross, counsel specified subpart B and then confirmed that subpart A was also acceptable. The display request followed testimony about cryptocurrency fluctuations and other account inflows and outflows.

Defense proffer about the Anthropic investment's cost, bankruptcy sale, and current private valuation, followed by the government's warning that the valuation could mislead the jury — The defense asserted that a $93 million Anthropic investment had been sold in bankruptcy for $100 million and had a current private valuation of $1 billion. The government responded that the private valuation could mislead the jury about whether the investment could be liquidated for that amount and did not change the risk when the investment was made.

Government Exhibit 1001-1005, 1010, 1011, 1013, 1014, 1017 and subparts, 1018, 1023-1033, 1035, 1039-1041, 1044, 1045, 1050, 1051, 30, 56, 89, 188, 201, 213, 308, 310, 314, 317, 327, 344, 506, and 1735 — The government offered the listed exhibit group during Peter Douglas Easton's direct testimony, with certain exhibits offered pursuant to stipulations S-2002 and S-2003. The defense stated that it had no objections beyond one previously resolved for Exhibits 1017 through 1051, and the court received the group in evidence.

Government Exhibit 1542 — The exhibit was displayed as Adam Yedidia compared his Bahamas living arrangement with living at MIT with the defendant. He described the Bahamas apartment as luxurious and dorm-like only because he shared it with others.

Government Exhibit 38A, 200, 294, 312, 313, 315, 322, 322A, 331, 348, 349, 449, 494, 495, 544, 766, 933, 1320A, 1360A, and S2005 — The government offered the 20-exhibit group immediately before Marc Troiano's direct testimony on Day 14. The defense had no objection, and the court received all of the listed exhibits in evidence.

Government Exhibit 902 — Government Exhibit 902 was identified as an FTX advertisement featuring the model Gisele. It was offered pursuant to an authenticity stipulation, received in evidence, and published to the jury.

Government proffer concerning the letter-writing physician's alleged prescribing practices — During a Day 9 medical discussion, the government said witnesses had described the letter-writing physician as liberally prescribing Adderall to people who said they did not need it or did not need that dosage. The defense asked the court not to consider that proffer in reaching its decision.

Government proffer that a Bureau of Prisons evaluation found a lower dose medically appropriate — The government reported that the Bureau of Prisons had evaluated the defendant after receiving the physician's letter and found a lower dose medically appropriate. The court requested evidence of that reported evaluation.