Cointime

Download App
iOS & Android

FTX Identify Over $3B Transfer to SBF, Others

FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research.

According to a March 15 statement, SBF received $2.2 billion from this payout. Other executives like former FTX director Nishad Singh, FTX co-founder Gary Wang, former Alameda Research CEO Caroline Ellison, former Alameda Research co-CEO John Samuel Trabucco and Ryan Salame cumulatively received $1 billion.

(By Oluwapelumi Adejumo)

Comments

All Comments

Recommended for you