The fiasco surrounding the bankrupt crypto exchange FTX and its former CEO, Sam Bankman-Fried continues. The latest news to break indicates that SBF and ex-FTX CTO Gary Wang used $546 million from Alameda Research to buy stock in Robinhood. The U.S. Justice Department has also launched a criminal probe into the hack following FTX’s bankruptcy declaration and a group of former FTX customers has filed a class-action lawsuit to get their funds back.
SBF and Gary Wang Use Alameda Funds to Purchase Robinhood Shares
An affidavit filed by former FTX CEO, SBF, on the day of his arrest has revealed that he along with FTX co-founder Zixiao “Gary” Wang took out loans from Alameda Research through four promissory notes between April and May this year to fund the purchase of Robinhood Shares. According to the documents, on April 30, loans to the value of $316.6 million and $35.1 million were awarded to SBF and Wang respectively. Additionally, on May 15, two loans to the value of $175 million
We współpracy z: https://cryptodaily.co.uk/2022/12/ftx-sbf-debacle-latest-news-and-shocking-developments
