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At Ellison’s course, FTX executives Wang and Singh gathered information about Alameda’s gathered borrowings that discovered the agency had withdrawn deposits amounting to over three-quarters of FTX’s clients’ whole holdings, together with over half of the ETH on the change and lesser quantities of shoppers’ USDT and BTC. A later witness, Alameda developer Aditya Baradwaj, on Thursday mentioned Alameda misplaced not less than $200 million by preventable errors, together with $100 million misplaced to a phishing scheme.
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