According to evidence presented by SBF in the trial, he believes that Binance leaked Alameda Research's balance sheet to CoinDesk, which was a key event in FTX's collapse. Caroline Ellison testified that SBF prepared a memorandum dated November 6, 2022, outlining his and others' plans to seek potential investors for help. SBF listed TRON founder and Huobi Exchange advisor Justin Sun as a potential investor who could be contacted, but added that "it turned out he had a close relationship with CZ."

#dyor