Sam Bankman-Fried receives $2.2B from FTX-linked entities, according to new management and court filings.

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Source: Fox Business
Sam Bankman-Fried receives $2.2B from FTX-linked entities, according to new management and court filings.
Photo: Fox Business
TL;DR Summary

FTX's new management revealed that Sam Bankman-Fried and five members of his inner circle received $3.2 billion in total to their personal accounts in the form of "payments and loans," with Bankman-Fried receiving $2.2 billion. The funds came primarily from Alameda Research, a crypto trading hedge fund affiliated with FTX. 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.

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