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Sam Bankman-Fried- Case Archive
evidenceevidencedigitalFederal Criminal TrialGovernment Exhibit 874Changpeng Zhao's post said Binance had received cash, BUSD, and FTT when it exited its FTX investment and would liquidate its remaining FTT because of recent revelations. Bankman-Fried described the announcement as a plan to sell roughly $500 million in FTT over about three months.
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Government Exhibit 874

Changpeng Zhao's post said Binance had received cash, BUSD, and FTT when it exited its FTX investment and would liquidate its remaining FTT because of recent revelations. Bankman-Fried described the announcement as a plan to sell roughly $500 million in FTT over about three months.

2 proceedings2 mentions1 trial
Also known as (1)
  • GX-874

About

The announcement formed part of the trial chronology linking Binance's planned FTT sale, public responses, a surge in customer withdrawals, and the November liquidity crisis.

Trial Record (2)