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BTC $62,801.85 -0.95%
ETH $1,876.27 -0.08%
BNB $604.58 -0.58%
XRP $1.00 -0.02%
SOL $75.48 -0.12%
TRX $0.3328 -0.15%
DOGE $0.0694 -0.79%
ADA $0.1800 -1.70%
BCH $205.29 -3.62%
LINK $8.82 +1.66%
HYPE $56.20 -1.39%
AAVE $86.26 -2.19%
SUI $0.6753 -1.46%
XLM $0.1590 -0.42%
ZEC $485.48 -0.83%

$2.5 million of FTX customer funds was used to purchase a yacht for the former co-CEO of Alameda Research

2023-09-03 10:28:04

ChainCatcher news, documents submitted by FTX creditors represented by current CEO John J. Ray III show that Alameda Research transferred over $900 million to FTX founder Sam Bankman-Fried (SBF), including a $15.5 million cash transfer, as well as a $3.5 million transfer to former Alameda Research CEO Caroline Ellison.

Additionally, $2.5 million of FTX customer funds was used to purchase a yacht for former Alameda Research co-CEO Sam Trabucco. Its exact location remains unknown.

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