The new CEO of FTX, John Ray, III, revealed several wild and shocking items found in the collapsed company's bankruptcy filing.
The new CEO of FTX, John Ray, III, revealed several wild and shocking items found in the collapsed company’s bankruptcy filing, which include the founder and former CEO Sam Bankman-Fried lending himself $1 billion, and FTX corporate funds being used to buy personal homes, among other things.by Market Watch.Alameda Research reportedly loaned just over $4 billion out to Bankman-Fried and his closest business partners. On Thursday Ray revealed that Alameda had made $4.
Ray also noted that there is no documentation for transactions and loans regarding these real estate purchases, and that they were recorded in the personal name of employees and advisors.3. Expenses approved by emoji. When Ray went to Prager Metis’ website to learn more about the company, he found that it describes itself as the “first-ever CPA firm to officially open its Metaverse headquarters in the metaverse platform Decentraland,” he said.Ray said that as of Thursday, he has only been able to locate and secure just “a fraction of the digital assets” he hoped to recover from the various FTX trading and exchange platforms and Alameda Research.
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