News > Crypto Biz: SBF’s newest Excel spreadsheet reveals all

Crypto Biz: SBF’s newest Excel spreadsheet reveals all

Large enterprise businesses spend tons of money keeping track of their financial dealings, think accountants, financial analysts, consultants and enterprise-grade accounting software. Sam Bankman-Fried used Microsoft Excel. In another sloppy Excel file purportedly showed customer balances, bank deposits and assets held in cold storage. “S&C forgot to include bank balances” of roughly $428 million, SBF said, referring to FTX’s former legal counsel Sullivan & Cromwell.