New details are emerging in the bankruptcy case of the FTX cryptocurrency exchange. As reported by Cointelegraph, platform clients were able to send their money to a fake electronics store called North Dimension, opened directly by the former head and founder of FTX, Sam Bankman-Fried.

The U.S. Securities and Exchange Commission (SEC) complaint dated Dec. 13 names North Dimension Inc., a subsidiary of trading firm Alameda Research within the FTX Group. According to the SEC, Bankman-Fried directed FTX to send client funds to North Dimension bank accounts to conceal the fact that they were being transferred to an account controlled by Alameda. On December 23, former Alameda CEO Caroline Ellison admitted in court that she and other company members stole billions of dollars from FTX clients.

The most unusual fact about North Dimension, which is registered at the same California address as FTX US, is its fake website. It looks like an online electronics store, but there is no evidence that you can buy anything from it. When clicking on any product, the user goes to a page with standard texts or announcements about partnerships with unknown companies.

Bloomberg previously reported that Bankman-Fried held at least four meetings in 2022 with senior White House officials shortly before the platform's bankruptcy. So, on September 8, the businessman met with one of the senior advisers to US President Joe Biden, Steve Richetti. The meeting, which had not previously been reported, was the latest in a series of similar meetings.

On December 28, Alameda Research crypto wallets were observed transferring funds. This comes just days after Bankman-Fried was released on $250 million bail.