2 years ago
FTX absorption said Sam Bankman-Fried (SBF) and different apical executives of the bankrupt steadfast received $3.2 cardinal successful payments and loans — chiefly from its sister company, Alameda Research.
According to a March 15 statement, SBF received $2.2 cardinal from this payout. Other executives similar erstwhile FTX manager Nishad Singh, FTX co-founder Gary Wang, erstwhile Alameda Research CEO Caroline Ellison, erstwhile Alameda Research co-CEO John Samuel Trabucco and Ryan Salame cumulatively received $1 billion.
A breakdown of the $3.2 cardinal payments (Source: FTX)The absorption noted that these payments excluded the over $240 million the erstwhile executives spent connected purchasing luxury properties successful the Bahamas and their governmental and charitable donations.
The payments besides excluded “substantial transfers” made to the bankrupt’s steadfast subsidiaries successful the Bahamas and different regions.
The steadfast added that portion immoderate of the properties purchased with the proceeds are successful its power oregon that of government’s authorities, the full “amount and timing of eventual monetary recoveries cannot beryllium predicted astatine this time.”
Meanwhile, FTX said it is inactive investigating to place the firm’s “assets, liabilities and transfers, including a statement of intercompany claims among the FTX Debtors and their subsidiaries.”
Since helium was appointed FTX’s caller CEO, John Ray has been moving connected efforts to recoup the bankrupt firm’s assets.
The station FTX place implicit $3B transportation to SBF, others appeared archetypal connected CryptoSlate.
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