//@PearlynCSY:Between $1 billion and $2 billion of FTX customer funds have disappeared, SBF had a secret ‘back door’ to transfer billions: Report. Reuters reports that at least $1 billion worth of customer funds have vanished from the failed crypto exchange. Two sources familiar with the matter told Reuters that ex-CEO Sam Bankman-Fried transferred $10 billion of customer funds from FTX to the digital asset trading house, Alameda Research. Alameda, also founded by Bankman-Fried, was considered to be a sister company to FTX. Those cozy ties are now under investigation by multiple regulators, including the Department of Justice, as well as the Securities and Exchange Commission, which is probing how FTX handled customer funds, according to multiple reports. Much of the $10 billion sent to Alameda “has since disappeared,” according to two people speaking with Reuters. Reuters disclosed that both sources “held senior FTX positions until this week” and added that “they were briefed on the company’s finanMost Crypto Stocks Crashed in Morning Trading After FTX Has Filed for Bankruptcy
Most Crypto stocks crashed in morning trading after FTX has filed for bankruptcy.Sam Bankman-Fried’s
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