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evidenceevidencedocumentFederal Criminal TrialGovernment Exhibit 64The November 25, 2021 “State of Alameda” update was one of the documents Ellison wrote to inform Bankman-Fried and obtain his feedback. Ellison testified that its “negative 850m from BTMX” entry referred to losses from a malfunction in FTX's margin system that were passed to Alameda.← All Evidence
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Government Exhibit 64

The November 25, 2021 “State of Alameda” update was one of the documents Ellison wrote to inform Bankman-Fried and obtain his feedback. Ellison testified that its “negative 850m from BTMX” entry referred to losses from a malfunction in FTX's margin system that were passed to Alameda.

Alameda update recording negative $850 million from the BTMX matterGX-64Ellison's Alameda update document addressing trading bugs and management limits
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Ellison's testimony used the document to connect the transfer of an FTX loss to Alameda with concern about how the loss would appear to investors.

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