FTX execs blew through $8B — testimony reveals how::Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations,
FTX execs blew through $8B — testimony reveals how::Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations,
They also had practically no accounting of money going in or out, other than Quickbooks. Their entire platform was coded as a ponzi scheme with explicit cases to skip checking if balances would go negative when withdrawing money for Alameda Research.