FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says

Bankrupt cryptocurrency exchange FTX transferred $2.2 billion to founder Sam Bankman-Fried through various entities, the firm’s new management said.

A total of $3.2 billion was paid to Bankman-Fried and other key employees, according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed Wednesday, the company said in a statement.

Source: FTX Paid Around $2.2B to Sam Bankman-Fried, New Management Says