Sam Bankman-Fried secretly transferred $2.2billion from FTX to his personal account and $1billion to five members of his inner circle before the cryptocurrency exchange collapsed, according to bankruptcy court filings.
John Ray, who was appointed chief executive of FTX after the Chapter 11 bankruptcy filings in November, has been in charge of locating cryptocurrency and other assets in order to return it to millions of FTX customers whose accounts have been frozen since the bankruptcy.
Bankman-Fried is currently facing several federal charges related to FTX’s collapse as he is accused of looting the platform for personal gain as well as securities fraud.
He has pleaded not guilty and is detained at his parents’ house in California until the trial starts in October.
Biden in his Inner Circle no doubt !!!! 1 B to the Big Man !!!!!
Did you even read the article. moron?
To the BIDEN ACCOUNT !!!!!!