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🪙 FTX collapse

Evidence in the FTX case -- pleas, messages, and the trial record

The FTX criminal record rests on cooperating testimony, internal messages, and bankruptcy reconstructions -- a short trial, not a missing-chain mystery.

Because three insiders pleaded guilty, the government tried the case as a corroboration exercise: documents plus cooperators plus the defendant's own testimony.

The items below are the public pillars. They state what courts received, not how to move customer assets.

Exhibits

Exhibit A

Ellison, Wang, and Singh pleas

testimony

Guilty pleas and trial testimony from the inner operating group. They supplied the government's narrative of knowledge and of Alameda's position at FTX.

Exhibit B

Internal messages

document

Signal and other messages admitted at trial about the size of Alameda's line and the November 2022 hole. The court record, not a how-to, is the source.

Exhibit C

CoinDesk balance-sheet article

report

The 2 November 2022 publication that made Alameda's asset mix a public market fact and started the run week.

Exhibit D

Ray congressional testimony

testimony

The new CEO's 2022 House testimony on record-keeping and control of assets, a bankruptcy-side document often quoted beside the indictment.

Exhibit E

Verdict form (2 Nov 2023)

judgment

Guilty on all seven counts tried. The precise list of statutes is in the judgment; popular recaps sometimes invent extra counts.

Exhibit F

March 2024 judgment

judgment

The 25-year term and forfeiture order. The appeal attacks that judgment; it does not rewrite the jury's 2023 findings by itself.

How strong is the record?

Cooperator record
90

Three guilty pleas from the operating core are unusually complete for a crypto collapse.

Jury findings
92

A unanimous verdict on all counts tried.

Bankruptcy reconstruction
80

Estate reports improved over time; early 2022 figures were rough.

Offshore entity map
65

Some affiliate and jurisdiction details remain dense in Chapter 11 papers.

The evidence problem is keeping the criminal verdict and the later customer-recovery headlines on two lines.

Public-record encyclopedia. Not legal advice. Not a how-to. Graphic detail is withheld. Wars belong in a separate atlas.

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