[9ada66a7ca8bf7e3]

Transcript extracts below

Q. And the number here, what is the size of the backstop fund listed?
A. Five and a half million USD and five million FTT.
Q. Now, was this number listed on the tweet accurate?
A. No.
Q. Why not?
A. For one, there is no FTT in the insurance fund. It's just the USD number. And, two, the number listed here does not match what was in the database.
Q. What do you mean, it doesn't match?
A. The number in the databases was a different number.
Q. Where did this number come from?
A. This comes from a page on the website that claims to show what was in the insurance fund, but it was actually calculated separately.
..
Q. So it's a fake number?
A. Yes.
...
Q. Was the real number higher or lower than the fake number?
A. Lower.
A. Yes. First, line 16 is saying what the name of this
function is. Line 17, it's getting the daily -- it's getting
the total volume of trades from the past 24 hours on FTX. Then in line 19 it's taking that number, multiplying it -- then multiplies that by a random number that's around 7500 and then dividing the result by a billion. That's a number that gets added to the number that shows up on the website.

Cudo:

it's getting the total volume of trades from the past 24 hours on FTX. Then in line 19 it's taking that number, multiplying it -- then multiplies that by a random number that's around 7500 and then dividing the result by a billion.

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[9ada66a7ca8bf7e3]

https://unchainedcrypto.com/did-sam-bankman-fried-have-intent-to-defraud-ftx-investors/