“As alleged, Mr. Bankman-Fried, Ms. Ellison, and Mr. Wang had been lively individuals in a scheme to hide materials data from FTX traders, together with by means of the efforts of Mr. Bankman-Fried and Ms. Ellison to artificially prop up the worth of FTT [FTX’s in-house token], which served as collateral for undisclosed loans that Alameda took out from FTX pursuant to its undisclosed, and nearly limitless, line of credit score,” in response to Sanjay Wadhwa, deputy director of the SEC’s Division of Enforcement.
