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> Depositors were depositing their FTX money directly to Alameda's bank account and nobody noticed. FTX and Alameda didnt realise either. What makes you think

• ALittleLight 4y ago
  Well, I think FTX and Alameda (specifically SBF) certainly realized where the money was coming from. How could anyone, much less a trading firm, be unaware of an extra 8 billion dollars in their accounts? As for journalists - I'm not sure how exactly they would have known to discover this point. It seems obvious after the fact, but who would think to check "Let me make sure deposits actually go to the business I think they do"? Instead, what I mean here is that there were incredibly obvious signs of wrongdoing and I would expect that a critical and competent investigator would discover at least one such sign, write about it and be motivated to find more. That seems not to have happened which makes me think nobody was actually investigating a new startup with billions of dollars in an area rife with fraud - which seems like a pretty big condemnation for the class of people whose job is to investigate and analyze companies in that industry.