More than $2 billion was transferred to Sam Bankman-Fried by FTX corporate entities, according to documents filed with the court, the Financial Times reports.
According to a press release describing financial statements filed in Delaware bankruptcy court, Bankman-Fried and five members of his inner circle transferred a total of $3.2 billion into their personal accounts in the form of “payments and loans.”
The funds came primarily from Alameda Research, a hedge fund for crypto trading affiliated with FTX.
John Ray, FTX’s new CEO appointed in November after the exchange went bankrupt, is seeking to identify where the cryptocurrencies and other assets that may eventually be returned to the millions of FTX customers whose accounts have been frozen since its collapse.
Bankman-Fried faces twelve federal charges related to the FTX collapse, including securities fraud and looting the platform for personal gain.
FTX management said Wednesday that the $3.2 billion figure does not include $240 million for “luxury real estate in the Bahamas,” “political and charitable donations” and “significant transfers” to subsidiaries. The figures showed that Bankman-Fried had received $2.2 billion.
A lawyer for Bankman-Fried did not immediately respond to a request for comment.
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