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Sam Bankman-Fried- Case Archive
evidenceevidencedigitalFederal Criminal TrialGovernment Exhibit 21The 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.
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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.

3 proceedings3 mentions1 trial
Also known as (1)
  • Private statement that one third of the money needed to cover client assets was available

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The prosecution contrasted these private calculations with Bankman-Fried's later public assurances that FTX and its assets were fine, arguing that the contrast showed knowledge of the shortfall and an intent to discourage customer withdrawals.

Trial Record (3)