SBF and Former Executives of FTX Received $3.2 Billion

Five former
executives of the now-defunct FTX and SBF were slated to receive a sum total of
$3.2 billion, with the majority sourced from the Alameda hedge fund, a
significant contributor to the platform’s collapse.

The
breakdown of these payments is as follows:

1. Sam
   Bankman-Fried received approximately $2.2 billion.
2. Nishad
   Singh was given $587 million.
3. Zixiao
   “Gary” Wang received $246 million.
4. Ryan
   Salame received $87 million.
5. John
   Samuel Trabucco received $25 million.
6. Caroline
   Ellison was given $6 million.

However,
according to the crypto exchange’s bankruptcy
Bankruptcy

Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy. When a person or company claims bankruptcy, it is described as a voluntary bankruptcy, and when your debtors force you into bankruptcy, it is referred to as involuntary. A voluntary bankruptcy occurs when the debtor or borrower, the party that owes the money files with the courts. Involuntary bankruptcy happens when your credits file a petition with the co

Bankruptcy or…