Insiders are alleged to have paid themselves $2.2 billion in direct payments and loans they never intended to pay back – which came directly from customers’ funds. They used customer funds to buy a $30 million luxury penthouse for SBF, and gave $80 million of customer funds to political candidates and charities. And much more – the allegations are astounding.
Some executives have already plead guilty to fraud.
Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money – WSJ
