WSJ News Exclusive | FTX’s Sam Bankman-Fried Cashed Out $300 Million During Funding Spree

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Breaking: Sam Bankman-Fried sold $300 million FTX shares in a fundraising spree last year, people familiar with the matter say. He told investors it was a reimbursement.

When FTX raised $420 million from an array of big-name investors in October 2021, the cryptocurrency exchange said the money would help expand the business, improve user experience and allow it to engage more with regulators.

Left unmentioned was that nearly three-quarters of the money, $300 million, went instead to FTX founder Sam Bankman-Fried, who sold some of his personal stake in the company, according to FTX financial records reviewed by The Wall Street Journal and people familiar with the transaction.

 

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Scumbag.

Dems won't allow him to go down because the public might understand how corrected they really are.!

He has a face only a mother and a fist can love

Thinking he told a lot of people as well as investors things that weren't true.

Do the Elizabeth Holmes on him.

Lock him up!

Democrat party mega donor

A reimbursement? For what?

Claw it back.

Fraud.

Lol it's always a 'reimbursement'

YOU GUYS BE WAS TRYING TO PREVENT ANOTHER PANDEMIC!!

kristinaabusch They should have given him a booster seat for the pic or something.

you dont even have to do work, you could just copy twitter threads you are a week behind and about 3 billion short he cashed out 3.3 billion to himself via a 'loan' from user funds (via alameda) congrats on not calling victims 'literal nazis' this time though

Man… It never stops w/ this guy! 🫣 SHEESH!!! 😳🙄

American people want the political donation lists, did anybody get it?

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