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.
FTX code used to calculate the public insurance-fund number
MentionedFederal Criminal Trial
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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.