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Alameda Secret Korea Account Exposed Masking Liabilities

According to Bloomberg, a secret account hid code detailing Alameda’s massive liabilities. The GitHub account was in the name of former FTX executive Nishad Singh, the report added.

The outlet claims to have viewed documentation that revealed comments associated with specific lines of code. In them were clues to the mysterious account that was used to mask Alameda’s mounting debts.

Additionally, Alameda’s chief executive and senior FTX officials knew that FTX had lent customers’ money to the company to help it meet its liabilities, alleged the WSJ.

FTX engineering director Singh has not been charged, and it wasn’t clear if any other executives had access to the clandestine account, the report added.

(By Martin Young)

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