2min chapter

Odd Lots cover image

Understanding the Collapse of Sam Bankman-Fried's Crypto Empire

Odd Lots

CHAPTER

The Transference of Customer Assets to Alameda

FTX was offering yield on their customers assets as well, which is obviously a red flag that they're doing something more than just holding on to the assets and keeping them there for safe keeping. You can literally watch as they were paying out withdrawals. You could watch the funds returning through Alameda research addresses. This is confirmed by multiple individuals. They had taken the funds. I mean, they've essentially admitted to that at this point. That's why there's a hole there.

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