TechFlow news, according to The Block, based on evidence provided by SBF during the trial, he accused Binance of leaking Alameda Research's balance sheet to media outlet CoinDesk—an event widely considered one of the key triggers behind the collapse of FTX and its crypto empire.
SBF prepared a memorandum dated November 6, 2022, outlining potential investors he and others planned to approach for rescue funding.
In the document, SBF wrote that Binance launched a public relations campaign against Alameda Research, leaked the balance sheet, and then announced plans to sell $500 million worth of FTT tokens, warning customers to remain cautious about FTX.
A report published by CoinDesk is widely regarded as the catalyst for FTX’s collapse, triggering a series of catastrophic events across the crypto industry. Binance has not yet responded to this matter. In the same document, SBF listed TRON founder and Huobi exchange advisor Justin Sun as a potential investor to contact, while also noting Sun’s close relationship with Binance founder CZ.
The document also included several potential "to-do" items, such as posting confident tweets. SBF noted in the file that at the time, FTX was capitalized but lacked sufficient liquidity. Caroline Ellison, former CEO of Alameda Research, clarified in court that this statement meant that out of the exchange's $12 billion in customer assets, only one-third belonged to FTX, "so $4 billion was available to handle their withdrawals."
