Sam Bankman Fried allegedly received more than $2 billion from the FTX empire

Sam Bankman Fried – founder of FTX – credit: Alamy

In total, 3.2 billion dollars were distributed à the founding team from FTXmainly via the hedge fund Alameda Researchaccording to the liquidators.

On Thursday, the new FTX team indicated that 3.2 billion from payments and loans had been collected by the former leaders of the exchange.

The former CEO and figure of the crypto exchange, Sam Bankman-Friedwould have perceived alone approximately 2.2 billion dollars. Nishad Singh, who was the director of engineering and recently pleaded guilty, is said to have gotten his hands on a total of 587 million dollars.

Zixiao Gary Wang, Ryan Salame, John Samuel Trabucco and Caroline Ellison would have received 246, 87, 25 and 6 million dollars respectively. Most of the money came from the group’s hedge fund, Alameda Research.

The press release specifies that this sum ($3.2 billion) excludes the purchase of a luxury villa in the Bahamas and donations made to politicians or charities.

The FTX Debtors’ ongoing efforts should result in a more thorough identification of assets, liabilities and transfers, including a description of intercompany claims between the FTX Debtors and their subsidiaries,” the announcement reads.

Earlier this year, authorities seized nearly $700 million worth of assets belonging to SBF, including a significant portion in Robinhood stock. The former crypto mogul, who pleaded not guilty in January, now faces 12 counts.

Like Nishad Singh, his two other top associates, Caroline Ellison and Gary Wang, have also admitted their guilt.

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