Digital Evidence
Government Exhibit 850
The June 27, 2022 tweet stated that protecting customer assets should take priority over other concerns. Ellison described backstopping as ensuring enough funds existed to return all customer assets and testified that she considered the tweet misleading in light of Alameda's conduct that month.
Tweet stating that backstopping customer assets should be primary
MentionedFederal Criminal Trial
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Ellison testified that the tweet did not align with Alameda's conduct because Alameda had taken billions of dollars in customer assets to repay lenders and FTX lacked sufficient funds to backstop customer assets.