Apparently (per The Break Down podcast) SBF had a back door to the PMS that let him transfer assets without any compliance or accounting blocks or alerts. So h

Apparently (per The Break Down podcast) SBF had a back door to the PMS that let him transfer assets without any compliance or accounting blocks or alerts. So he just did it. That's how simple this was. He didn't hide the transfers to Alameda. He just did it... I still find structures like this dumb, though thet are sometimes required by stupid governments.