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Paradigm, BlockFi, Genesis and different firms didn’t have entry to audited monetary statements previous to investing or loaning billions to FTX, FTX.US. and Alameda Analysis, in keeping with testimonies given within the trial of Sam Bankman-Fried. Slightly, these buyers and lenders checked out unaudited monetary statements and spoke with the executives at these firms to find out essential items of knowledge like FTX’s money stream, its liabilities, its present belongings and internet asset worth.
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