Sam Bankman-Fried and Insiders Took $3.2M from FTX: Filings

• SBF and associates obtained a complete of $3.2M from FTX-related entities.
• These funds don’t embrace hundreds of thousands for luxurious property within the Bahamas.
• Insiders like Gary Wang, Nishad Singh, and Caroline Ellison obtained hundreds of thousands.

Disgraced former crypto billionaire Sam Bankman-Fried allegedly took billions from FTX customers to fund his way of life. In accordance with current chapter court docket filings, the previous FTX CEO allegedly transferred over $2.2 billion from FTX entities to his private account.

On Wednesday, new FTX administration and the affiliated debtors filed schedules and statements of economic affairs with the chapter court docket. The statements reveal that FTX entities gave $2.2 billion in loans to founder Sam Bankman-Fried.

These transfers have been a part of a complete of $3.2 billion in funds and loans to FTX founders and key staff. Nearly all of…

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