The catastrophic case FTX regularly continues to hit the headlines in scandalous revelations about the management of the crypto stock market. A new piece in this file of bankruptcy has just been added by the group’s liquidators and debtors.
In a communicated press release published on March 16, 2023, the legal buyers of FTX indicated that they had filed the asset and liability accountsand the statements of financial affairs of the group of companies founded by Sam Bankman-Fried (SBF). And there is like a bone, which is reported by the press release: SBF and the main executives would have for a total of $3.2 billion suspicious transactions in their favour. These payments and loans, mainly fromAlameda Researchwould be distributed as follows:
- $2.2 billion to Sam Bankman-Fried;
- $587 million to Nishad Singh;
- $246 million to Zixiao “Gary” Wang;
- $87 million to Ryan Salame;
- $25 million to John Samuel Trabucco;
- $6 million to Caroline Ellison.
The press release specifies, in addition to this, that these amounts do not include the $240 million which have been spent by these debtors of FTX to buy themselves luxury properties in the Bahamasnor for that matter donations (bribes?) made to politicians by SBF and his close guard.
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