Sam Bankman-Fried, the founder of the bankrupt FTX exchange, has been accused of using the $10 million he had transferred to his father during his time as CEO to cover his legal expenses.
In 2021, while still serving as CEO of FTX, Sam Bankman-Fried reportedly transferred millions of dollars to his father, funded by a loan from the now-bankrupt Alameda Research trading firm, according to Forbes.
The news outlet cited "two sources close to the company" in their report....
Read More: Sam Bankman-Fried's Legal Expenses Paid by Alameda Money He Granted to His Father – What's Going On?
In 2021, while still serving as CEO of FTX, Sam Bankman-Fried reportedly transferred millions of dollars to his father, funded by a loan from the now-bankrupt Alameda Research trading firm, according to Forbes.
The news outlet cited "two sources close to the company" in their report....
Read More: Sam Bankman-Fried's Legal Expenses Paid by Alameda Money He Granted to His Father – What's Going On?