THE PLOT THICKENS

  • FTX founder Sam Bankman-Fried allegedly shuffled $10billion in funds to his trading firm Alameda Research, with about $2billion now missing 
  • 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 
  • 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

Founder and CEO Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to the trading company Alameda Research, which is run by his girlfriend Caroline Ellison, Reuters reports.

A large portion of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion.

https://www.dailymail.co.uk/news/article-11419415/At-1-billion-client-funds-missing-failed-crypto-firm-FTX-sources.html

 

WHATS A $BILLION HERE OR A $BILLION THERE?  I WONDER IF THIS WOULD BE GETTING MORE PRESS COVERAGE IF FTX WASN’T THE 2ND LARGEST ELECTION CONTRIBUTOR TO THE DNC??  AND HOW ABOUT THAT $7.5 MILLION DOLLAR BET THAT DJT LOSES IN 2024 – THAT’S GOTTA BE LEGIT BUSINESS – RIGHT!