Home » Markets » Sam Bankman-Fried said to have taken $2.2B from FTX entities: report
Sam Bankman-Fried said to have taken $2.2B from FTX entities: report
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Sam Bankman-Fried reportedly received more than $2 billion transferred from FTX entities, according to the Financial Times.
The details were contained in bankruptcy court filings made by the new management of the cryptocurrency exchange on Wednesday night.
Bankman-Fried and five members of his inner circle transferred $3.2 billion in total to their personal accounts in the form of "payments and loans," according to a press release describing financial statements.
The funds came primarily from Alameda Research, a crypto trading hedge fund affiliated with FTX.
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