The court documents show that

The court documents show that Alameda Research borrowed FTX customer funds for trading and investment purposes without any limits. Ray’s testimony emphasizes

SBF Testifies That Alameda Only ‘Borrowed’ Customer

Former Alameda CEO confirms firm borrowed billions

FTX Failing Due to Funding Alameda Research with

Latest Court Report Reveals Alameda Research Can

Alameda Research had a $65B secret line of credit with FTX: Report

The alleged line of credit

The alleged line of credit was financed with FTX customers' funds. According to Dietderich’s testimony, the “backdoor was a secret way for Alameda to borrow

Alameda Research Borrowed FTX Customer Funds Without Limits

FTX allowed trading affiliate Alameda to borrow

Alameda Research used customer funds as early as