$2BN OF CLIENT'S MONEY IS MISSING FROM COLLAPSED CRYPTO EXCHANGE FTX 👀🤔
(Video: CEO of FTX / ALAMEDA, Caroline Ellison)
$2BN OF CLIENT'S MONEY IS MISSING FROM COLLAPSED CRYPTO EXCHANGE FTX
▪︎FTX founder Sam Bankman-Fried allegedly shuffled $10 billion in funds to his trading firm Alameda Research, with about $2 billion now missing
▪︎Sam Bankman-Fried denies secretly transferring $10BN to trading company run by his girlfriend
▪︎Sources said that the CEO showed spreadsheets revealing the missing funds from FTX, which along with Alameda declared bankruptcy on Friday
▪︎Bankman-Fried denied making the secret transfers to his crypto trading firm, which is run by his girlfriend, Caroline Ellison (featured in this video)
▪︎He declined to comment about the missing funds and said his firm had 'confusing internal labeling'
▪︎The SEC, which has been criticized for not acting sooner, is investigating FTX's handling of customer funds, as well its crypto-lending activities
Source reposted from
West Coast News
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