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evidenceevidencedocumentFederal Criminal TrialGovernment Exhibit 14AThe 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.
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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.

1 proceeding1 mention1 trial
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  • Spreadsheet entry stating “Hedged with 2X BTC”

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The defense used the entry to support Bankman-Fried's explanation that the Genesis Digital Assets investment was intended to be paired with a Bitcoin hedge.

Trial Record (1)