Bankman-Fried received $1Bn as a Personal Loan from his Company

Sam Bankman-Fried, the founder of the FTX exchange and Alameda Research, a cryptocurrency trading platform, seemed confused about his bank and his companies.

According to John Ray, the new CEO who led the restructuring of his empire that went bankrupt on November 11, Bankman-Fried received a $1 billion personal loan from Alameda.

He’s not alone: ​​the firm, which is a type of cryptocurrency hedge fund, has also lent $543 million in a personal loan to Nishad Singh, a Bankman associate, and $55 million to Ryan Salame, the company’s co-CEO . FTX Digital Markets, one of FTX’s affiliates.

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