Reuters: At least $1 billion of client funds missing at Sam Bankman-Fried’s FTX

Reuters: At least $1 billion of client funds missing at Sam Bankman-Fried’s FTX. “At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters. A large portion of that total has since disappeared, they said.”

Leave a Reply

%d bloggers like this: