Sam Bankman-Fried secretly transferred $2.2bn from FTX to his personal account trends now
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Sam Bankman-Fried has secretly transferred $2.2billion from FTX to his personal account and $1billion to five members of his inner circle before the cryptocurrency exchange collapsed, according to bankruptcy court filings.
Bankman-Fried and five of his friends transferred $3.2billion in total to their personal accounts as 'payments and loans' using funds primarily coming from Alameda Research, a crypto trading hedge fund affiliated with FTX, according to financial statements filed with the bankruptcy court in Delaware on Wednesday night, according to the Financial Times.
John Ray, who was appointed to chief executive of FTX after the Chapter 11 bankruptcy filings in November, has been in charge of location cryptocurrency and other assets in order to return it to millions of FTX customers whose accounts have been
