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evidenceevidencedocumentFederal Criminal TrialBankman-Fried's notes written after the November 11 bankruptcy filingThe 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.
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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.

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On redirect, Bankman-Fried used the notes to frame the roughly $8 billion fiat liability as a poorly monitored institutional relationship and acknowledged that oversight had been very poor.

Trial Record (1)