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Two notes earlier than diving in: First, all the following are allegations made by the FTX liquidators. The claims might or might not floor or be confirmed within the separate legal trial in opposition to Sam Bankman-Fried, at the moment scheduled to start in October. And second, for readability, I’ll be referring all through to “buyer funds” interchangeably with “commingled funds,” as a result of by their nature, the overwhelming majority of commingled funds would doubtless have been buyer funds.
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