North Dimension is an example of what I mean. In general, the way FTX & Alameda Research structured their business affairs was extremely messy, and we’ve found out more about this since the Chapter 11 filing by FTX and affiliated entities. I think MacAskill was in a position to know about some of this and chose not to say anything. At the very least he would have known which entities are used to disburse funding to grantees, and he may also have known more about the informal way in which FTX conducted business dealings in general.
I also believe people over at CEA may have known this, because to my knowledge the Future Fund was partnering with CEA to process grants at some point. Integrating their infrastructure would have required CEA to have some exposure to exactly how FTX handles payments. The fact that nobody has thought it important to clarify this situation following the revelations that e.g.
FTX employees asked for their salary through Slack messages
at some point FTX customers had to wire money to Alameda’s bank accounts to deposit money at FTX
is quite strange to me.
By itself this is not a red flag; I think someone elsewhere in the comments called it a “yellow flag”. It has to be seen in the context of the other observations I mentioned to be worthwhile.
North Dimension is an example of what I mean. In general, the way FTX & Alameda Research structured their business affairs was extremely messy, and we’ve found out more about this since the Chapter 11 filing by FTX and affiliated entities. I think MacAskill was in a position to know about some of this and chose not to say anything. At the very least he would have known which entities are used to disburse funding to grantees, and he may also have known more about the informal way in which FTX conducted business dealings in general.
I also believe people over at CEA may have known this, because to my knowledge the Future Fund was partnering with CEA to process grants at some point. Integrating their infrastructure would have required CEA to have some exposure to exactly how FTX handles payments. The fact that nobody has thought it important to clarify this situation following the revelations that e.g.
FTX employees asked for their salary through Slack messages
at some point FTX customers had to wire money to Alameda’s bank accounts to deposit money at FTX
is quite strange to me.
By itself this is not a red flag; I think someone elsewhere in the comments called it a “yellow flag”. It has to be seen in the context of the other observations I mentioned to be worthwhile.