This is a distraction.

Billions of dollars and euros went into a black box.

Then some magic beans invented out of thin air came out of the black box.

Now when we open the black box, the billions of dollars and euros are gone.

FTT tokens doesn't explain where the fiat went.

Yes the real dollars went somewhere. I would guess the majority of them were lost from poor trades by Alameda. Combine that with the fact that a lot of those real dollars were converted in to Crypto schemes which are now down 90%. And their insane spend on houses and politics and who knows what else. I’m waiting anxiously to see what the truth is once we get some real data