Sam Bankman-Fried’s FTX lent out billions of dollars in customer funds to Bankman-Fried’s hedge fund, Alameda Research. Then Alameda gave a $1 billion loan to Bankman-Fried himself and a $543 million loan made to FTX cofounder Nishad Singh.
FTX Founder Sam Bankman-Fried Took $1 Billion Loan from His Hedge Fund Before Declaring Bankruptcy
| Source: | http://www.yourdestinationnow.com/2022/11/ftx-founder-sam-bankman-fried-took-1.html |
| Published: | Nov 19, 2022 |
| Author: | Tyler Durden |
| Post Date: | 2022-11-19 01:01:25 by Horse |
| Views: | 45 |