FTX Paid Around $2.2B to SBF

  • last year
Cryptocurrency exchange FTX transferred $3.2 billion to key employees, with $2.2 billion paid to founder and former CEO Sam Bankman-Fried, according to the firm’s new management. Former Director of Engineering Nishad Singh, who pled guilty to fraud and conspiracy charges in February, received about $587 million. The payments primarily came from Alameda Research and do not include the $240 million spent on luxury property in the Bahamas or the political or charitable donations.

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