FTX's founder Sam Bankman-Fried is a genius. He has mentioned that for the billions of dollars being transferred from customer accounts at FTX to his own trading firm Alameda Research, is actually a "margin loan". Hence indirectly saying that it is not an illegal fund transfer. It is really amazing how FTX financial controls and internal governance actually allows a margin loan to single party to grow till so large. Even more puzzling is the fact that stakeholders such as customers, investors, employees and auditors themselves were not aware that the deposits in custody at FTX were being used for trading at Alameda Research. Who dare wins indeed! 

Maybe Bankman-Fried is now busy preparing a lot of documents to backdate them to cover his backside. We can probably employ the same tactic as Bankman-Fried in the real commercial workplace to make up story to cover up screw ups (this