Ex-FTX boss and co-founder Sam Bankman-Fried received $2.2 billion in payments and loans, mostly from Alameda Research, according to a Wednesday announcement from the failed exchange’s new management.

That figure may appear even more striking when compared to the payouts received by other executives, including former Alameda CEO Caroline Ellison, who only received $6 million.

In total, $3.2 billion was handed out to ex-FTX staff, documents filed by the new management show, with most of it coming from the company’s sister trading firm Alameda Research.

Alameda was at the center of the FTX drama: The quantitative trading firm, also founded by Bankman-Fried, had the ability to use FTX customer assets for its own means, and without oversight, according to newly appointed FTX CEO John J Ray III.

FTX was a massive digital asset exchange which let its customers buy, sell, and bet on the future price of cryptocurrencies. The Bahamas-based entity had 134 companies under its umbrella but went bust in November. 

Its sudden bankruptcy was in part due to its management making risky bets with customer cash via Alameda Research, prosecutors allege. Ban

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Author: Mathew Di Salvo

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