Sam Bankman-Fried reportedly had received more than $2 billion from FTX entities according to court filings made by the new management of the cryptocurrency exchange.
Sam Bankman-Fried’s defense distinguishing ‘mind-boggling incompetence’ vs ‘criminal behavior’: Christopher Alexander
Sam Bankman-Fried reportedly received more than $2 billion transferred from FTX entities, according to the bankrupt cryptocurrency exchange's new management. "These amounts exclude over $240 million spent to purchase luxury property in the Bahamas, political and charitable donations made directly by the FTX Debtors, and substantial transfers to non-Debtor subsidiaries in the Bahamas and other jurisdictions," the press release said.Sam Bankman-Fried leaves the court in New York, on January 03, 2023.
Filings showed Bankman-Fried had received $2.2 billion of the $3.2 billion figure, while fellow co-founders Nishad Singh and Zixiao "Gary" Wang received roughly $587 million and $246 million, respectively.
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