April 25, 2024

AndronETalksNews

AndronETalksNews

Sam Bankman-Fried transferred $2.2bn in FTX customer funds for personal use, filings show

The National News

 

Collapsed cryptocurrency exchange FTX made transfers of about $3.2 billion to its founder Sam Bankman-Fried and key employees, according to court filings seen by Bloomberg and the Financial Times.

The funds were moved in the form of “payments and loans”, mainly from trading house Alameda Research, and include about $2.2 billion transferred to Mr Bankman-Fried, the filings submitted to the bankruptcy court in Delaware by the new management of FTX showed on Wednesday.

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