Was the Secret Transfer of $4 Billion to Alameda, FTX’s Undoing?

Was the Secret Transfer of $4 Billion to Alameda, FTX’s Undoing?

Market Analysis
November 11, 2022 by keithhill530
235
[ad_1] The liquidity crunch facing FTX might have emanated from Sam Bankman-Fried, the crypto exchange’s CEO, secretly transferring at least $4 billion to boost Alameda, with part of the funds being customer deposits, according to Reuters. Per the report: “Seeking to prop up Alameda, which held almost $15 billion in assets, Bankman-Fried transferred at