FTX Founder Sam Bankman-Fried Took $1 Billion Loan from His Hedge Fund Before Declaring Bankruptcy
Sam Bankman-Fried’s FTX lent out billions of dollars in customer funds to Bankman-Fried’s hedge fund, Alameda Research. Then Alameda gave a $1 billion loan to Bankman-Fried himself and a $543 million loan made to FTX cofounder Nishad Singh. That was before...
Gotta admire the fact that the guy isn’t going half way with the corruption. You have to respect that he’s all in with it.