Insiders Admitted FTX's Token Assets Could Never Be Liquidated at Mark
Molly White · SBF's Last Stand — With Molly White · Oct 19, 2023 · at 16:03
Crypto researcher Molly White discusses the illiquid token holdings on FTX and Alameda Research's balance sheets revealed during SBF's trial.
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“There was a lot of assets that they were holding that were strongly tied to the success of the FTX exchange, and which a lot of these insiders have testified would never be able to be liquidated at anywhere near the price that they were putting on their balance sheets, and so a lot of this money was sort of made up in the first place.”
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