and owner of collapsed cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), received
$2.2 billion in loans and payments from the platform and related entities,
mainly Alameda Research, according to the team of administrators in charge of
restructuring the company.
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.
breakdown of these payments is as follows:
Bankman-Fried received approximately $2.2 billion.
Singh was given $587 million.
“Gary” Wang received $246 million.
Salame received $87 million.
Samuel Trabucco received $25 million.
Ellison was given $6 million.
according to the crypto exchange’s bankruptcy
Click Here to Read the Full Original Article at CryptoCurrency – Finance Magnates | Financial and business news…