FTX-linked entities transfer $2.2bn to Sam Bankman-Fried, court filings reveal
TL;DR Summary
Sam Bankman-Fried, co-founder of FTX, received over $2bn from entities linked to the collapsed cryptocurrency exchange into his personal accounts, according to court filings. Bankman-Fried and five members of his inner circle transferred a total of $3.2bn into their personal accounts through “payments and loans”. FTX was once worth as much as $40bn but rapidly collapsed in November after a surge in customer withdrawals. Bankman-Fried now faces 12 federal charges and is awaiting trial after pleading not guilty to fraud while running FTX.
- Sam Bankman-Fried received $2.2bn from FTX-linked entities, say court filings The Guardian
- 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
- 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
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