FTX customers sent money to a fake electronics retailer with a website full of misspelled words that was key to funding SBF's Alameda, report says

Dec 27 2022 by Business Insider

 
Sam Bankman-Fried outside at the federal court in Manhattan on Thursday.

Jeenah Moon/Reuters

Sam Bankman-Fried's FTX had customers wire money to North Dimension, a mysterious company with a fake electronics retail website, NBC News reported.  Money sent to North Dimension would end up funding Alameda Research's trading activity, the SEC alleged.  The North Dimension website has been deactivated, but had misspelled words and claimed to sell laptops and phones.

In the sprawling drama of Sam...

Continue Reading FTX customers sent money to a fake electronics retailer with a website full of misspelled words that was key to funding SBF's Alameda, report says