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Sam Bankman-Fried- Case Archive
evidenceevidencedocumentFederal Criminal TrialGovernment Exhibit 340The 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.
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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.

2 proceedings2 mentions1 trial
Also known as (2)
  • FTX Digital Markets safeguarding of assets and digital token management policy
  • FTX asset management policy stating that customer assets were held and ring-fenced

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The prosecution relied on the policy in rebuttal closing as one of FTX's public representations that customer assets were protected and argued that those representations gave customers a false impression about the safety of their assets and Alameda's access to customer funds.

Trial Record (2)