Exclusive At Least 1 Billion In Client Funds Missing From Failed Crypto Firm Ftx Sources
Exchange founder Sam Bankman-Fried secretly moved $10 billion of client funds from FTX to Bankman-Fried’s trading firm Alameda Research, the people told Reuters. Much of that total has since disappeared, they said. One source put the missing amount at about $1.7 billion. The other said the gap was between $1 billion and $2 billion. While FTX is known to have moved client funds to Alameda, the missing money is being reported here for the first time....