FTX founder sentenced to 25 years over customer and investor fraud
FTX Trading Ltd / Alameda Research (Sam Bankman-Fried) · Crypto exchange and trading firm
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Ownership / related-party links
Would have shown the founder's control of both the exchange and Alameda Research.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Bank credits vs books
Would have traced customer deposits from FTX accounts into Alameda accounts.
Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.
End-use tracing of funds
Would have shown customer money funding venture investments, property and donations.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Where Kubr services would have helped
Borrower monitor
Offered in India- C1 Would have traced customer deposits from FTX accounts into Alameda accounts.
- C3 Would have shown the founder's control of both the exchange and Alameda Research.
- C6 Would have shown customer money funding venture investments, property and donations.
Proceeds tracer
Offered in India- C1 Would have traced customer deposits from FTX accounts into Alameda accounts.
- C3 Would have shown the founder's control of both the exchange and Alameda Research.
- C6 Would have shown customer money funding venture investments, property and donations.
Financial diligence
Offered in India- C1 Would have traced customer deposits from FTX accounts into Alameda accounts.
- C3 Would have shown the founder's control of both the exchange and Alameda Research.
Portfolio monitor
Offered in India- C1 Would have traced customer deposits from FTX accounts into Alameda accounts.
- C3 Would have shown the founder's control of both the exchange and Alameda Research.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.