FTX Entities Transfer $2.2B to Sam Bankman-Fried, Court Filings Reveal
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.