Tag Archives: Sam Bankman-Fried’s Record-Breaking Transfer: The Rise of FTX and the Future of Cryptocurrency

FTX’s Sam Bankman-Fried $2.2 Billion Personal Account Transfer

FTX's Sam Bankman-Fried $2.2 Billion Personal Account Transfer

FTX co-founder Sam Bankman-Fried and five people in his inner circle transferring over $3.2 billion to their personal accounts. The transfers were labeled as "payments and loans" and were primarily taken from hedge fund Alameda, FTX's sister trading arm, before the crypto exchange collapsed in November. Bankman-Fried received $2.2 billion, while the others received millions. These shocking revelations add to the drama surrounding Bankman-Fried, who is facing eight criminal charges linked to the downfall of his once-$30 billion crypto empire

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