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Sam Bankman-Fried- Case Archive
evidenceevidencedigitalFederal Criminal TrialGovernment Exhibit 600The 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.
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Digital Evidence

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.

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  • FTX code used to calculate the public insurance-fund number

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Wang used the code to explain that FTX's publicly displayed insurance-fund figure did not reflect the actual fund, which he said was lower.

Trial Record (1)