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The Vise Tightens on SBF as Former FTX Engineering Head Nishad Singh Pleads Guilty

The Breakdown

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Alameda Backdoor Mechanism

FTX diverted customer funds to Alameda in essentially two ways. These include secret, automatically deleting messages, knowingly misleading statements to investors and large loans to executives. The complaint against Nashod also describes actual knowledge and intention behind this mechanism.

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