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As we allege in our complaint, that veneer wasnt just clear, but fraudulent. in reality from ftxs inception, bankman-fried secretly diverted funds to his crypto hedge fund, alameda research, and then misused those funds to make lavish real estate purchases, and large political donations. his claimants about ftxs sophisticated risk controls and other customer protections were simply bog news. similarly, his representations to ftx investors and trading customer also kernel alameda were also part o...
Source: archive.org