New FTX bankruptcy filings say Sam Bankman-Fried gave himself $2.2 billion, mostly from Alameda Research.
, FTX said Bankman-Fried saw $2.2 billion in payments and loans, most of the money coming from Alameda Research, the hedge fund which was a main aspect of the crypto exchange’s downfall.$246 million to Zixiao “Gary” WangThe company said that over $240 million of this money was spent on luxury property in the Bahamas, where the company was previously based, as well as political and charit
able donations. Some of this property is in control of the FTX debtors or government authorities. The company said it was trying to get this money back from Bankman-Fried and others, but that it couldn’t predict how much money they will be able to recover, and when.After FTX’s collapse last November, it became more and more clear that Bankman-Fried had directed FTX to send customers’ funds over to Alameda Research, despite the two entities being ostensibly separate. The bankrupt company.
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