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Caroline Ellison described a Signal group chat between her, FTX founder Sam Bankman-Fried and FTX’s former director of engineering Nishad Singh days before FTX’s collapse.
At the time, Singh noted that customer withdrawals were picking up after Alameda’s balance sheet was leaked to crypto news site CoinDesk. Customers had withdrawn $1.25 billion in the last day, $230 million in the last three hours and $120 million in the last hour, Singh wrote.
Ellison responded with a sad face emoji in the chat. “I was terrified,” she said.
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