🚨FTX and Alameda Research co-founder Gary Wang testified against former business partner SBF. Wang said he accepted a large personal loan from the company and never received the money.📉
🔍Paradigm co-founder Matt Huang confirmed that facts were concealed that could have affected his decision to invest approximately $300 million in FTX. Huang noted that Paradigm would have been less likely to invest if Alameda had known that FTX had received special exemptions for its "clearing engine" and was using customer funds as investment capital.🔥
📉It was claimed that the insurance fund amount published by FTX was fake and that this number was generated by a random number generator.
🔍Paradigm co-founder Matt Huang confirmed that facts were concealed that could have affected his decision to invest approximately $300 million in FTX. Huang noted that Paradigm would have been less likely to invest if Alameda had known that FTX had received special exemptions for its "clearing engine" and was using customer funds as investment capital.🔥
📉It was claimed that the insurance fund amount published by FTX was fake and that this number was generated by a random number generator.