SBF Admits Alameda Had 'Special Privileges' On FTX
Alameda enjoyed a $65 billion line of credit, surpassing any other customer on the exchange, initially starting at a few million dollars.

Alameda enjoyed a $65 billion line of credit, surpassing any other customer on the exchange, initially starting at a few million dollars.
FTX creditors have requested anonymity due to the perceived risk of fraud and theft associated with cryptocurrency.
The U.S. CFTC today announced a lawsuit against crypto exchange FTX founder Sam Bankman-Fried over alleged violations of federal commodities laws.
In the months preceding FTX’s spectacular demise, reports revealed that the crypto exchange secretly diverted some $4 billion in company funds.
New CEO of FTX, made a formal declaration in the continuing Chapter 11 bankruptcy papers that showed additional financial theft by SBF.
Exchange executives Nishad Singh and Ryan Salame were also the recipients of sizable loans.
The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko.
Financial documents of Voyager revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, the same place Alameda is registered.
SBF also refuted rumors that Alameda destabilized Celsiu, stating that "this is absolutely false. We want to help those in the ecosystem that we can, and have no intention of harming them."
SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them.”