BANKRUPT CRYPTOCURRENCY EXCHANGE FTX MADE $2.2 BILLION TRANSFERS TO FOUNDER SAM BANKMAN-FRIED, SAYS NEW MANAGEMENT

In a statement released on Wednesday, FTX, the bankrupt cryptocurrency exchange, disclosed that it transferred about $2.2 billion to its founder Sam Bankman-Fried through related entities. The transfers were made chiefly from the Alameda Research hedge fund and were part of over $3.2 billion in payments and loans to company founders and key employees. Background FTX filed for bankruptcy protection in November, citing its ina
Read more