FTX, Sam Bankman-FriedIt made payments of $2.2 billion to . and $1 billion to other key employees.
FTXnew management of his company, founder of bankrupt cryptocurrency exchange FTX Sam Bankman-Friedthrough various organizations 2.2 billion dollars He said he transmitted. by company 15 March’in a statement, Chart of Assets and Liabilities and Financial Statementaccording to Bankman-Friedand other key employees 3.2 billion dollarsstated to have been paid.
Payments Made by Alameda
Other highest paid person after ex-CEO Sam Bankman-Fried Engineering Director Nishad Singh it happened. The new management of FTX, Singh‘to $587 millionmade the payment. Nishad Singh, had pleaded guilty to fraud and conspiracy charges for his role in the collapse of FTX.
These payments made FTXcausing the downfall of Alameda Research It has been reported that from These shared amounts did not include $240 million spent on luxury properties in the Bahamas or charitable donations.
The new CEO of FTX company John J. Ray IIIdescribed the collapse of the firm as “a complete failure of corporate controls and the absence of reliable financial information.” John J Ray III, FTX’s new CEO 11 November 2022It started in .
