Coin Edition -
- Former FTX CTO exposed fraudulent insurance fund claims during SBF’s trial.
- It includes allegations of fabricated numbers and deception in FTX’s financial reporting.
- SBF was accused of encouraging customer withdrawals to mask financial turmoil.
On the fourth day of the trial involving FTX founder Sam Bankman-Fried (SBF), FTX’s former Chief Technology Officer, Gary Wang, delivered a bombshell testimony that sent shockwaves through the crypto world. Parts of Wang’s revelations centered around the alleged fraudulent nature of FTX’s published insurance fund balance.
Another crazy revelation from the SBF trial – The "FTX insurance fund" and generated by a random number generator