Title: FTX Founder Sam Bankman-Fried Took $1 Billion Loan from His Hedge Fund Before Declaring Bankruptcy Source:
[None] URL Source:http://www.yourdestinationnow.com/2 ... -sam-bankman-fried-took-1.html Published:Nov 19, 2022 Author:Tyler Durden Post Date:2022-11-19 01:01:25 by Horse Keywords:None Views:22
Sam Bankman-Fried’s FTX lent out billions of dollars in customer funds to Bankman-Fried’s hedge fund, Alameda Research. Then Alameda gave a $1 billion loan to Bankman-Fried himself and a $543 million loan made to FTX cofounder Nishad Singh.