Source: Page 30

https://pacer-documents.s3.amazonaws.com/33/188450/042020648...

Oof. The preliminary corporate outline in Appendixes B of the filing is a lot.

I guess presumably you'd want to compartmentalize risk via corporate structures in as sprawling of a business as FTX was (especially if you were aware you had terrible internal controls), but it does beg the question of what nature of business each of these entities was engaged in.

I.e. if they conducting actual business and so their existence helped firewall other FTX entities, or if they simply existed on paper for accounting fraud

It wasn't a "as sprawling of a business as FTX was". It was a shell game.

FTX (in total) was an entity that operated in most countries in the world, under their regulatory regimes (if existent), across four(+?) major, different lines of business.

That's not a "one corporate entity + a few international ones" type of endeavor.