CoinVoice has recently learned that on October 7, BitMEX Research quoted the testimony of FTX co-founder Gary Wang in the SBF trial. Gary Wang stated that the insurance fund balance announced by FTX was generated by a random number generator. "There is no FTT in the insurance fund, just the US dollar figures. The listed numbers do not match the database. They are actually calculated separately, and the real numbers are lower than the fake numbers."

“A page on the website purports to show the contents of the insurance fund, but in fact it is calculated separately.” [Original link]