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Sam Bankman-Fried's Alameda Quietly Used FTX Client Funds Without Raising Alarm, Sources Say

Sam Bankman-Fried’s Alameda Quietly Used FTX Client Funds Without Raising Alarm, Sources Say

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tom williams | CQ-Roll Call, Inc. | Getty Images The quantitative trading firm founded by Sam Bankman-Fried was able to quietly use client funds from its FTX exchange in a way that flew under the radar of investors, employees and auditors in the process, a source says. The way they did it was to use …

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Exclusive - At least $1 billion in client funds are missing from bankrupt crypto firm FTX - sources

Exclusive – At least $1 billion in client funds are missing from bankrupt crypto firm FTX – sources

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By Angus Berwick New York (Reuters) – At least $1 billion in client funds have disappeared from collapsed crypto exchange FTX, according to two people familiar with the matter. Exchange founder Sam Bankman-Fried secretly transferred $10 billion in client funds from FTX to Bankman-Fried’s trading firm Alameda Research, the people told Reuters. Much of that …

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