FTX Entities Transfer $2.2B to Sam Bankman-Fried, Court Filings Reveal
TL;DR Summary
Sam Bankman-Fried and five members of his inner circle reportedly transferred $3.2 billion in total to their personal accounts, with $2.2 billion coming from Alameda Research, a crypto trading hedge fund affiliated with FTX, according to bankruptcy court filings made by the new management of the cryptocurrency exchange. Bankman-Fried is facing a dozen federal charges related to the collapse of FTX, accusing him of securities fraud and looting the platform for personal gain. FTX said it was investigating possible ways to claw back the transfers to Bankman-Fried and his former colleagues.
Topics:business#alameda-research#bankruptcy-court-filings#cryptocurrency#cryptocurrency-trading#ftx#sam-bankman-fried
- Sam Bankman-Fried said to have taken $2.2B from FTX entities: report Fox Business
- FTX transferred $2.2 billion to Bankman-Fried via related entities, new managers say Yahoo Canada Finance
- Sam Bankman-Fried received $2.2bn from FTX-linked entities, say court filings The Guardian
- Clarence Fanto: Will former crypto VIP Ryan Salame face legal fallout? Here's what could happen to his Lenox investments Berkshire Eagle
- Sam Bankman-Fried said to have taken $2.2bn from FTX entities Financial Times
- View Full Coverage on Google News
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