Secret Account Allegations

[cryptobro]

FTX alleges the disputed Upbit account was opened under the father of Charles Yang, head trader for Genesis Block, an Alameda affiliate.

Evidence cited:

Internal 2022 chat logs (“Upbit authentication is complete”)

Caroline Ellison’s sworn affidavit confirming Alameda controlled the account

SBF’s testimony that “$8B debt was hidden” through this Upbit wallet.

Dunamu disputes control, calling FTX’s documents “insufficient.”

[Nahid10]

Hidden accounts raise serious questions about internal oversight and fund tracking in exchanges.

[EmTeam]

Transparency and third-party audits are the only way to rebuild trust after such allegations.