Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November

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Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November
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Co-CEO of FTX_Official's Bahamas entity rsalame7926 told the Bahamas Securities Commission that FTX Digital Markets had transferred client funds to Alameda Research without authorization.

Ryan Salame, the co-chief executive of FTX's Bahamas entity, called FTX Digital Markets, told the Bahamas Securities Commission on Nov. 9 that"clients’ assets which may have been held with FTX Digital were transferred to Alameda Research," according to a letter to the Bahamas Police Commissioner disclosed this week.

Salame said there were only three people who could have transferred the funds: former CEO Sam Bankman-Fried, Nishad Singh and Gary Wang.The comingling of funds between Bankman-Fried's companies is a key issue in the FTX saga. Bankman-Fried, the company's deposed and arrested CEO, has said that he didn't"

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