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by dragonwriter 1304 days ago
> SBF was depositing customer money into his hedge fund directly (FTX didn't even have a bank account).

Even the CEO running the whole set of related entities in bankruptcy doesn't know which of the FTX-related entities had bank accounts and what accounts they were because they literally didn't keep records of that. Or who their employees were. Or, well, much of anything.

Probably because the whole corporate structure was a paper thin veneer over fraud, amd discussing the individual paper entities as if they were meaningfully distinct in any way is mostly missing the point.