Up to $2 Billion in Client Money Missing in Crypto Giant FTX Collapse
At least $1 billion of customer funds — and possibly as much as $2 billion — have gone missing in the shocking implosion of the crypto currency exchange FTX, according to reports.
FTX’s flamboyant founder, Sam Bankman-Fried, known in the industry as “SBF,” secretly funneled $10 billion of customer funds into his trading company, Alameda Research, sources told two media outlets.
Alameda Research is run by Bankman-Fried’s girlfriend, Caroline Ellison.
Read More at the New York Post