TechFlow news — Autism Capital tweeted that upon reviewing documents from the Commodity Futures Trading Commission (CFTC) again, it was revealed: at SBF's direction, FTX executives reassigned approximately $8 billion in Alameda's liabilities to two customer accounts within the FTX system, which SBF later referred to as "our Korean friends' account" and/or "the weird Korean account," in an effort to conceal the risk of Alameda's massive debt being uncovered.
Technically, these were sub-accounts of Alameda, but unlike other Alameda sub-accounts on FTX, they were not registered with "@alameda-research.com" emails and were otherwise not easily identifiable as related to Alameda. As a result, Alameda’s $8 billion in liabilities did not appear on FTX's books.Original link
