Odaily reported that the evidence provided by SBF at the trial showed that he believed that Binance leaked the balance sheet of Alameda Research to the media CoinDesk, which was a key event in the collapse of FTX. Caroline Ellison testified that SBF prepared a memorandum dated November 6, 2022, outlining potential investors that he and others planned to seek relief from. SBF listed TRON founder and Huobi Exchange advisor Justin Sun as a potential investor that could be approached on that list, but added that “it turns out he has close ties to CZ.” (The Block)