SAM THE SIPHON: Filings show former CEO Sam Bankman-Fried took .2 billion...
FTX Co-founder and former CEO Sam Bankman-Fried and five members of his inner circle reportedly pocketed more than $3.2 billion from parts of their...
FTX Co-founder and former CEO Sam Bankman-Fried and five members of his inner circle reportedly pocketed more than $3.2 billion from parts of their crypto empire, including the hedge fund Alameda Research. Bankman-Fried and the other employees transferred the funds to their personal accounts using the label of "payments and loans." This is according to filings in bankruptcy court by the company's new management. The transfers took place prior to the collapse of the crypto exchange late last year, and most of the funds came from Alameda Research.