Sam Bankman-Fried and Insiders Took $3.2M from FTX: Filings By DailyCoin
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Sam Bankman-Fried and Insiders Took $3.2M from FTX: Filings
- SBF and associates received a total of $3.2M from FTX-related entities.
- These funds donât include millions for luxury property in the Bahamas.
- Insiders like Gary Wang, Nishad Singh, and Caroline Ellison received millions.
Disgraced former crypto billionaire Sam Bankman-Fried allegedly took billions from FTX users to fund his lifestyle. According to recent bankruptcy court filings, the former FTX CEO allegedly transferred over $2.2 billion from FTX entities to his personal account.
On Wednesday, new FTX management and the affiliated debtors filed schedules and statements of financial affairs with the bankruptcy court. The statements reveal that FTX entities gave $2.2 billion in loans to founder Sam Bankman-Fried.
These transfers were part of a total of $3.2 billion in payments and loans to FTX founders and key employees. The majority of…
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Sam Bankman-Fried and Insiders Took $3.2M from FTX: Filings
- SBF and associates received a total of $3.2M from FTX-related entities.
- These funds donât include millions for luxury property in the Bahamas.
- Insiders like Gary Wang, Nishad Singh, and Caroline Ellison received millions.
Disgraced former crypto billionaire Sam Bankman-Fried allegedly took billions from FTX users to fund his lifestyle. According to recent bankruptcy court filings, the former FTX CEO allegedly transferred over $2.2 billion from FTX entities to his personal account.
On Wednesday, new FTX management and the affiliated debtors filed schedules and statements of financial affairs with the bankruptcy court. The statements reveal that FTX entities gave $2.2 billion in loans to founder Sam Bankman-Fried.
These transfers were part of a total of $3.2 billion in payments and loans to FTX founders and key employees. The majority of…
Continue Reading on DailyCoin
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