Sam Bankman-Fried, founder of FTX, believed that Alameda, a sister firm, could borrow funds from the exchange under FTX's terms of service. This information was revealed to him by Gary Wang. FTX had invested around $1.3 billion in endorsements with celebrities like Tom Brady and Steph Curry before the 2022 crypto crash. It was later discovered that Alameda had borrowed $13 billion from FTX, a revelation that did not shock Bankman-Fried.
Sam Bankman-Fried acknowledged that Alameda was being used as a payment processor for FTX. He previously stated in an interview with Bloomberg in August 2022 that the two companies were completely separate entities Follow our free to read live blog: https://t.co/20kgu6ymPB
Sam Bankman-Fried acknowledged that Alameda was being used as a payment processor for FTX. He previously stated in an interview with Bloomberg in August 2022 that the two companies were completely separate entities Follow our free to read live blog: https://t.co/R8yLyCVSLq
JUST IN: Sam Bankman-Fried says he is "not sure" who decided to send stolen FTX customer funds to Alameda Research.
Sam Bankman-Fried acknowledged that Alameda was being used as a payment processor for FTX. He previously stated in an interview with Bloomberg in August 2022 that the two companies were completely separate entities Follow our free to read live blog: https://t.co/u95F1jNpPR
🚨Breaking: Sam Bankman-Fried thought 'taking FTX deposits through Alameda was legal'
📣 Latest News: Sam Bankman-Fried thought 'taking FTX deposits through Alameda was legal': Report #news #cryptonews #crypto
Sam Bankman-Fried has said he honestly believed Alameda could liberally borrow FTX customer assets, per NYT.
😬 FTX invested ~$1.3B in endorsements with stars like Tom Brady & Steph Curry before the 2022 crypto crash. Singh reveals Gary Wang informed him about Alameda borrowing $13B from FTX, news that didn't shock Bankman-Fried. Read more on the Hodler's Digest https://t.co/R4teXHaOJg https://t.co/WhbtxuJyBF
🔸Bankman-Fried Says He Believed Alameda Could Borrow FTX Funds Sam Bankman-Fried said he believed that under FTX's terms of service, sister firm Alameda was allowed in many circumstances to borrow funds from the exchange. The terms of service were drafted and updated by FTX… https://t.co/PhNNWaUdhj
JUST IN: Sam Bankman-Fried says he believed it was legal to take FTX customer funds through Alameda Research.
📣 Latest News: FTX probes $6.5M in payments to AI safety group amid clawback crusade #news #cryptonews #crypto