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> What was the exact moment the fraud began?

There's not necessarily an "exact moment" that they can pinpoint, nor is that their job to do so.

FTX was promising customers it would hold onto their funds and keep them safe, much like a bank. Then they did not. That's the short of it, tat is what they uncovered. The date it "began" was not in scope of the case, just the end result, and the end result was that there was fraud.

> What should he have done instead?

Again, the short of it is: He should have delivered what he promised to customers, or not make those promises to begin with.



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