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Title: $2BN of clients' money is MISSING from collapsed crypto exchange FTX:
Source: [None]
URL Source: https://www.dailymail.co.uk/news/ar ... d-crypto-firm-FTX-sources.html
Published: Nov 13, 2022
Author: Staff
Post Date: 2022-11-13 18:17:46 by Horse
Keywords: None
Views: 104

Founder Sam Bankman-Fried denies secretly transferring $10BN to trading company run by his girlfriend

About $2 billion 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.

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