Overall more than $3.2 billion was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday.
These payments were made chiefly from Alameda Research hedge fund, FTX said, adding that it made these disclosures by filing schedules and statements of financial affairs with the bankruptcy court. The crypto exchange said the transfers did not include over $240 million spent to purchase luxury property in the Bahamas, political and charitable donations made directly by the FTX debtors, and substantial transfers to non-debtor units in the Bahamas and other jurisdictions.FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange.
Why isn’t that 🤡 in prison yet?
There should be hope for my money then. He better start paying back
This is what happens when you give your kid a hyphenated last name.
Investors advice. When the next magical money making guy appears, spend 10 seconds looking at his face. If you don’t feel you wanna vomit it’s a potential opportunity.
This guy’s still free Who else No Laws any more
This is a witch hunt!