Disgraced FTX founder Sam Bankman-Fried and other related executives received $3.2 billion in payments and loans, mainly from FTX-related crypto hedge fund Alameda Research, according to FTX’s new managers.
About $2.2 billion of that total went to Bankman-Fried himself, according to a release. Ex-FTX director of engineering Nishad Singh received the second-highest amount — $587 million. Singh already has pleaded guilty to charges including fraud and conspiracy.
The $3.2 billion does not include more than $240 million spent to purchase luxury property in the Bahamas and make political and charitable donations as well as “substantial transfers” to subsidiaries in the Bahamas and other jurisdictions.
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