$2BN of clients’ money is MISSING from collapsed crypto exchange FTX: Founder Sam Bankman-Fried denies secretly transferring $10BN to trading company run by his girlfriend
- FTX founder Sam Bankman-Fried allegedly shuffled $10billion in funds to his trading firm Alameda Research, with about $2billion now missing
- Sources said that the CEO showed spreadsheets revealing the missing funds from FTX, which along with Alameda declared bankruptcy on Friday
- Bankman-Fried denied making the secret transfers to his crypto trading firm, which is run by his girlfriend, Caroline Ellison
- He declined to comment about the missing funds and said his firm had ‘confusing internal labeling’
- The SEC, which has been criticized for not acting sooner, is investigating FTX’s handling of customer funds, as well its crypto-lending activities
By Ronny Reyes For Dailymail.Com
Published: 22:35 EST, 11 November 2022 | Updated: 03:01 EST, 12 November 2022
About $2billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
Founder and CEO Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, Reuters reports.
A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.
To continue at original source; https://www.dailymail.co.uk/news/article-11419415/At-1-billion-client-funds-missing-failed-crypto-firm-FTX-sources.html
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