SBF's Testimony Contradicts Past Claims About FTX-Alameda Financial Ties
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Sam Bankman-Fried claimed Alameda got the same treatment as other FTX customers, but it actually got an unlimited line of credit.
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The same day as SBF's claim, FTX implemented a feature allowing Alameda unlimited withdrawals.
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The FTX co-founder said the feature was implemented at SBF's direction.
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Alameda could withdraw billions while most other accounts had to maintain a positive balance.
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The testimony contradicts past claims that SBF didn't understand the financial ties between FTX and Alameda.