Here’s what SBF’s fake electronics outlet ‘North Dimension’ looks like

Please fol­low and like us:
Pin Share

As the mal­prac­tices of the FTX con­tin­ue to pop up and be uncov­ered by pros­e­cu­tors, it turns out the dis­graced cryp­to exchange’s cus­tomers were send­ing mon­ey to a fake elec­tron­ic online shop, which was report­ed­ly opened by Sam “SBF” Bankman-Fried. 

In a com­plaint filed on Dec. 13, the Unit­ed States Secu­ri­ties and Exchange Com­mis­sion (SEC) men­tioned North Dimen­sion Inc., an Alame­da sub­sidiary that was a vital part of the FTX finan­cial mal­prac­tice. Accord­ing to the com­plaint, Bankman-Fried direct­ed FTX to have cus­tomers send funds to North Dimen­sion bank accounts in an effort to hide the fact that the funds were being sent to an account con­trolled by Alameda. 

Relat­ed: SBF met with Biden’s senior advis­ers 2 months before FTX’s col­lapse: Report

But the most pecu­liar fact about the com­pa­ny, which was reg­is­tered at the same address in Cal­i­for­nia as FTX US, was its fake web­site. Now only avail­able through the Way­back Machine, the site appears to be an elec­tron­ics out­let. How­ev­er, there’s no evi­dence that one could actu­al­ly buy any­thing from North Dimension. 

Click­ing on any item — for exam­ple, a $1,199  Mac­Book Pro with a 13-inch dis­play — leads to a “Get a Quote” page where one can leave a mes­sage and con­tact infor­ma­tion. As the text on the page reads, “We col­lab­o­rate with ambi­tious brands and peo­ple; we’d love to build some­thing great together.”

The site also claimed to be in col­lab­o­ra­tion with the “world’s pre­mi­um brands,” but the logos dis­played in the part­ner sec­tion are hard­ly famil­iar to any­on who’d like to buy a lap­top or a smartphone. 

The cher­ry on the cake is sure­ly the website’s “About Us” sec­tion, whose texts look like they may have been writ­ten by a not-too-smart arti­fi­cial intelligence.

After being released on a $250 mil­lion bail, SBF has report­ed­ly been cash­ing out large amounts of cryp­tocur­ren­cy. Accord­ing to an on-chain inves­ti­ga­tion by decen­tral­ized finance edu­ca­tor BowTiedIgua­na, SBF has cashed out $684,000 in cryp­to from an exchange in Seychelles. 

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *