Genesis Block: FTX had more than prostitutes in Thailand
Sam Bankman-Fried’s globe-spanning empire of rapidly moving money and crypto has been under the microscope of prosecutors, and among the evidence considered was the testimony of former Alameda Research ‘chief executive officer’ Caroline Ellison. During her testimony, Ellison detailed an attempt to un-freeze funds at Huobi (now HTX) and OKEx (now OKX) via accounts opened using identity documents from “Thai prostitutes .” This scheme was ultimately unsuccessful. However, Bankman-Fried’s financial empire had other links to Thailand, through the Hong Kong-headquartered over-the-counter (OTC) trading desk Genesis Block. HiveEx, Genesis Block, and SBF’s trading desk network Genesis Block is principally remembered in the Bankman-Fried empire as the Crypto shop where purchasers queued around the street with bags full of cash they wanted to convert to Crypto . The desk has been described as being “integrated” into FTX or Alameda Rese...