cryptonews: FTX founder Sam Bankman-Fried pulled $2.2 billion in payments and loans out of his companies, according to the firms' new bankruptcy managers. 🧐
FTX founder Sam Bankman-Fried pulled $2.2 billion in payments and loans out of his companies, according to the firms' new bankruptcy managers.
Federal prosecutors have accused Bankman-Fried of illegally taking $10 billion worth of FTX customers' funds after his private trading firm, Alameda Research, made bad bets. By way of comparison, the other two executives federal prosecutors thought were important enough to join Ellison in getting plea deals for testifying against Bankman-Fried took home a combined $833 million.
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