FTX Transferred $2.2 Billion To Sam Bankman

According to FTX's new management, bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to its founder, Sam Bankman-Fried, through related entities. The company also stated that over $3.2 billion was transferred through payments and loans to company founders and key employees. FTX said that these payments were chiefly made from the Alameda Research hedge fund and that it made these disclosures by filing schedules and statements of financial affairs with the bankruptcy court.