FTX funneled $3.2B to Sam Bankman-Fried, others via related entities

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FTX funneled $3.2B to Sam Bankman-Fried, others via related entities
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These payments were made chiefly from Alameda Research hedge fund, FTX said.

Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said.

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., FTX said, adding that it made these disclosures by filing schedules and statements of financial affairs with the bankruptcy court.

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