cryptonews: FTX founder Sam Bankman-Fried pulled $2.2 billion in payments and loans out of his companies, according to the firms' new bankruptcy managers. 🧐
FTX founder Sam Bankman-Fried pulled $2.2 billion in payments and loans out of his companies, according to the firms' new bankruptcy managers.
Federal prosecutors have accused Bankman-Fried of illegally taking $10 billion worth of FTX customers' funds after his private trading firm, Alameda Research, made bad bets. By way of comparison, the other two executives federal prosecutors thought were important enough to join Ellison in getting plea deals for testifying against Bankman-Fried took home a combined $833 million.
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FTX funneled $3.2B to Sam Bankman-Fried, others via related entitiesThese payments were made chiefly from Alameda Research hedge fund, FTX said.
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FTX transferred $2.2B to Sam Bankman-Fried, new management saysSam Bankman-Fried reportedly had received more than $2 billion from FTX entities according to court filings made by the new management of the cryptocurrency exchange.
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