SBF's inner circle received $3.2B, mainly from Alameda: Court filings

FTX and Alameda Research's erstwhile apical brass received $3.2 cardinal successful payments and loans from FTX-linked entities, according to the FTX administrators handling the firm's restructuring.

FTX, present helmed by CEO John Ray III, has been tracking missing funds from the speech since its collapse, which it estimates to beryllium $8.9 cardinal successful total.

According to a March 15 connection from FTX Debtors, fiscal statements it filed successful the Delaware Bankruptcy Court constituent to billions of dollars worthy of loans and payments that allegedly flowed to Sam Bankman-Fried and high-ranking executives, which came chiefly from trading location Alameda Research.

Sharing the FTX Debtors’ property merchandise conscionable issued: https://t.co/r7PlneGSXF

Bankman-Fried nevertheless reportedly received the lion’s stock of the funds astatine $2.2 billion.

Others named successful the database see erstwhile FTX manager Nishad Singh, FTX co-founder Gary Wang, and erstwhile CEO of Alameda Research Caroline Ellison, among others.

It provided a unsmooth breakdown of the payments made to the FTX executives, arsenic follows:

• $2.2 cardinal to Sam Bankman-Fried
• $587 cardinal to Nishad Singh — erstwhile FTX manager of engineering
• $246 cardinal to Zixiao "Gary" Wang — FTX cofounder
• $87 cardinal to Ryan Salame — erstwhile co-CEO, FTX Digital Markets (FTX’s Bahamian entity)
• $25 cardinal to John Samuel Trabucco — erstwhile co-CEO, Alameda
• $6 cardinal to Caroline Ellison — erstwhile CEO, Alameda

The amounts exclude implicit $240 cardinal utilized for assorted purchases, specified arsenic luxury properties successful the Bahamas, donations to political and charitable causes and “substantial transfers” to non-FTX subsidiaries, it noted.

FTX’s absorption said it is presently investigating its rights to prosecute imaginable enactment against the recipients, on with their consequent transferees, and that ongoing efforts are “expected to effect successful the further recognition of assets, liabilities and transfers.”

It added it’s looking astatine ways to claw back the funds from the erstwhile executives but said the “amount and timing of eventual monetary recoveries cannot beryllium predicted astatine this time.”

Related: Sam Bankman-Fried’s bail conditions inactive excessively lenient, says judge

Bankman-Fried is facing 12 charges relating to conspiracy, ligament and securities fraud successful transportation to the alleged mishandling of funds astatine FTX and its affiliates. He antecedently plead not blameworthy to 8 akin archetypal charges.

Ellison, Wang and Singh person pleaded blameworthy to charges akin to those brought against Bankman-Fried and are cooperating with investigations spearheaded by national prosecutors.

The archetypal known lawsuit of an enforcement from FTX oregon Alameda assisting authorities came arsenic Salame blew the whistle to Bahamian regulators of the imaginable fraud being perpetrated astatine FTX which pb them to shutter the speech conscionable 2 days aboriginal connected Nov. 11.