Bankrupt cryptocurrency exchange FTX transferred $2.2 billion to founder Sam Bankman-Fried through various entities, the firm's new management said.
A total of $3.2 billion was paid to Bankman-Fried and other key employees, according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed Wednesday, the company said in a statement.
The next largest beneficiary after Bankman-Fried was director of engineering Nishad Singh, who received about $587 million. In February, Singh pleaded guilty to charges including fraud and conspiracy for his role in FTX’s collapse.
The payments were made predominantly from the Bankman-Fried-owned trading firm Alameda Research, whose precarious finances set the wheels in motion on FTX's collapse in November.
The amounts listed do not include $240 million spent on luxury property in the Bahamas, nor directly made political or charitable donations.
(By Jamie Crawley)
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