FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says

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FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says
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Bankrupt cryptocurrency exchange FTX_Official transferred $2.2 billion to founder SBF_FTX through various entities, the company's new management said. By JamieCrawleyCD

Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.Bankrupt cryptocurrency exchange FTX transferred $2.2 billion to founder Sam Bankman-Fried through various entities, the firm's new management said.

A total of $3.2 billion was paid to Bankman-Fried and other key employees, according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed Wednesday,The next largest beneficiary after Bankman-Fried was director of engineering Nishad Singh, who received about $587 million.

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