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.
That was before the company went bankrupt.
So Bankman-Fried is will not be hitting the soup line anytime soon.
The CEO of now-bankrupt FTX admitted last week that FTX was nothing more than a laundromat for the Ukrainian government.
TGP previously reported the US was transferring money to Ukraine and then laundering money through FTX back from Ukraine to the Democrat party.
Way too much to comprehend crypto….except its bad for all.
Loan ??
He owed the BIG MAN !!!! (Biden)
He MADE-OFF with Billions & Gave it to his Democrat Party Buddies !!!!
His name is right > FRIED !!! TOAST !!!!