FTX transfers $2.2 billion to Bankman-Fried through related entities, new managers report
- FTX transferred $2.2 billion to Bankman-Fried through related entities, according to new managers.
- More than $3.2 billion was transferred through payments and loans to company founders and key employees.
- These payments were mostly made from Alameda Research hedge fund.
- FTX disclosed that the transfers did not include over $240 million spent to purchase luxury property in the Bahamas, political and charitable donations made directly by the FTX debtors, and substantial transfers.
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