“As alleged, Mr. Bankman-Fried, Ms. Ellison, and Mr. Wang have been energetic contributors in a scheme to hide materials info from FTX buyers, together with by the efforts of Mr. Bankman-Fried and Ms. Ellison to artificially prop up the worth of FTT [FTX’s in-house token], which served as collateral for undisclosed loans that Alameda took out from FTX pursuant to its undisclosed, and nearly limitless, line of credit score,” in accordance with Sanjay Wadhwa, deputy director of the SEC’s Division of Enforcement.
