We may have just begun scratching the surface of the fraud that FTX had become.
Prosecutors of the Commodities Futures Trading Commission that filed a lawsuit against former billionaire Sam Bankman-Fried have alleged that the crypto exchange's executives hid $8 billion in liabilities in fake customer accounts,SBF's directed FTX was the world's second-largest crypto exchange before a liquidity crunch pushed the company into bankruptcy.
Investigators have now alleged that SBF himself directed FTX executives to move Alamdea's $8 billion in liabilities to an unknown customer account on the crypto exchange's system. This was a subaccount of Alameda but did not have an email identifier.
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