I know this is a digression from the main question of intent but I’m still curious about it: Do we know how much money was actually in the margin lending program? How much of the fiat deposits were available for margin lending? Prosecutors said “from June to November 2022, Alameda had taken between 8 and 12 billion, when there was at most 4 billion in the margin lending program” while the defense said “80 percent of the assets on FTX were margined assets used in futures trading. 80 percent are in this margin trading where customers are always borrowing other customers’ assets.”
I know this is a digression from the main question of intent but I’m still curious about it: Do we know how much money was actually in the margin lending program? How much of the fiat deposits were available for margin lending? Prosecutors said “from June to November 2022, Alameda had taken between 8 and 12 billion, when there was at most 4 billion in the margin lending program” while the defense said “80 percent of the assets on FTX were margined assets used in futures trading. 80 percent are in this margin trading where customers are always borrowing other customers’ assets.”
I haven’t looked into this, and based on your comment, you seem more informed than me on this issue.