FTX's Sam Bankman-Fried transferred .2 billion to his personal account from parts of his crypto empire, new bosses say
FTX cofounder Sam Bankman-Fried and five people in his inner circle took more than $3.2 billion from hedge fund Alameda Research and other parts of...
FTX cofounder Sam Bankman-Fried and five people in his inner circle took more than $3.2 billion from hedge fund Alameda Research and other parts of his crypto empire, according to its new bosses. Former CEO Bankman-Fried and the FTX employees transferred the money to their personal accounts under the label "payments and loans", FTX's new management said in Wednesday filings to bankruptcy court . Most of the funds came from Alameda, FTX's sister trading arm, and were transferred before the crypto exchange collapsed in November, they said.