The Commodity Futures Trading Commission (CFTC) made similar allegations when it brought charges against Wang in December. But the value of that line of credit hasn’t been discussed before now. The CFTC then described it as “virtually unlimited.” […] Dietderich told the court that with the $65 billion back door, Alameda “bought planes, houses, threw parties, made political donations.” Dietderich said the rest of the money went towards personal loans, sponsorships, and investments. “We know that all this has left a shortfall, in value to repay customers and creditors,” he added. That amount “will depend on the size of the claims pool and our recovery efforts.”
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