1 year ago
A caller bankruptcy filing from FTX main restructuring serviceman John Ray III highlights that Sam Bankman-Fried received $4 cardinal successful loans from FTX-related silo companies.
Former FTX CEO Sam Bankman-Fried received a $1 cardinal idiosyncratic indebtedness from 1 of 4 silo companies profoundly progressive successful the illness of the FTX cryptocurrency exchange.
A ceremonial declaration in ongoing Chapter 11 bankruptcy filings from FTX’s caller CEO John Ray III has revealed further misappropriation of funds by Bankman Fried.
According to the filing, Alameda Research had loaned $1 cardinal straight to Bankman-Fried, portion FTX manager of engineering Nishad Singh had besides received a $543 cardinal indebtedness from the company.
Ray III, the antheral liable for picking up the pieces aft the infamous illness of Enron, was scathing successful his archetypal filing to the Bankruptcy tribunal for the territory of Delaware. He went arsenic acold arsenic describing the concern arsenic the worst he’d seen successful his firm career.
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