[dragontamer]

Its not a complicated story.

Last week: "FTX lent customer deposits to Alameda research. Both FTX and Alameda are owned by SBF".

This week: "Alameda research issued personal loans to SBF".

We've gone from "SBF probably stole everyone's money" into "SBF definitely stole everyone's money". There's not much else to say, honest. I guess you can dig into the details more-and-more and try to figure out how various groups will deal with the fallout, but that's really not the important bit here.