Digital Evidence
Government Exhibit 878
The FTX update said its matching engine was running smoothly, described a backlog in Bitcoin withdrawals, and said bank closures could slow stablecoin processing. Bankman-Fried described technical and banking constraints, while Wang testified that stablecoin withdrawals were slow because FTX lacked stablecoins.
FTX account tweets about withdrawal processingGX-878
MentionedFederal Criminal Trial
About
The testimony used the update to contrast public explanations for withdrawal delays with internal conditions: Bankman-Fried attributed delays to processing constraints and banking hours, while Wang said FTX had run out of stablecoins.