RE: Where the money went - The customer's money was used for the following purposes: 1. To pay for Alameda's (Sam Bankman Fried's hedge fund) and FTX's loses

RE: Where the money went - The customer's money was used for the following purposes: 1. To pay for Alameda's (Sam Bankman Fried's hedge fund) and FTX's loses 2. Invest in venture capital and make acquisitions 3. Political donations 4. Charitable donations 5. Luxury real-estate, boats, etc. 6. "loans" (i.e. transfer of stolen funds) to FTX's top executives RE: Intent - Intent was easy to prove. All of Sam Bankman-Fried's fellow executives testified against him. In addition, Sam Bankman-Fried gave several interviews after FTX's collapse where he basically admitted he lied, fucked up, etc. Also, there was a lot of documents proving Sam Bankman-Fried lied. A good example is him saying FTX was fine on Twitter (X) and then it collapsed a few days later. Here are some good FTX resources: https://newsletter.mollywhite.net/s/the-ftx-files https://newsletter.mollywhite.net/s/the-ftx-files - Molley White did a good job covering the trial. https://www.justice.gov/usao-sdny/pr/united-states-attorney-announces-charges-against-ftx-founder-samuel-bankman-fried https://www.justice.gov/usao-sdny/pr/united-states-attorney-... - This site contains the government's indictment against Sam Bankman-Fried. https://restructuring.ra.kroll.com/FTX/Home-Index https://restructuring.ra.kroll.com/FTX/Home-Index - A lot of the FTX bankruptcy documents are on this website.