SBF acknowledges that some companies have privileges on FTX, including affiliates of Three Arrows Capital.

According to a BlockBeats report on October 31st, the Wall Street Journal reported that SBF admitted during a court hearing on Monday that some crypto companies received special privileges on FTX. When asked by prosecutors whether FTX customers could use their equity in external investments as collateral for the exchange, SBF stated that a company called Crypto Lotus could do so, which is associated with Three Arrows Capital.