In an affidavit that emerged Tuesday, Bankman-Fried said he and FTX co-founder Gary Wang borrowed more than $546 million from the hedge fund, Alameda Research, which they used to purchase the Robinhood shares via a holding company primarily controlled by Bankman-Fried. Wang has since pleaded guilty to four counts of fraud and conspiracy, in cooperation with US prosecutors investigating FTX’s collapse. Bankman-Fried has been indicted on eight criminal counts.
Also claiming the Robinhood shares are bankrupt crypto lender BlockFi, and an individual FTX creditor. Because the competing claims, FTX filed a motion earlier this month to the Delaware bankruptcy court to keep the assets frozen until the court “can resolve the issues in a manner that is fair to all creditors of the Debtors.” It’s not clear from the court filings whether the $546 million used to purchase the stake included funds that prosecutors allege were stolen from customer deposits in FTX.
Wowww.
Can't wait for Stacy Keach to say, 'On this episode of American Greed, The collapse of FTX.....'
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Xi Jinping has never had credit or done any good thing. Mankind must regard Xi Jinping, China, and the Chinese people as a whole to do things. Xi Jinping, China's leaders are actually 'martyrs', scapegoats for 'killed fully westerners, extirpated all civilizations'.
China's'Brain-Control' only know “fully kill previous generations and all westerners. By 'protest blockade','virus outbreak again'they are determinedly overthrowing Xi Jinping. But both are all for China's interests“not responsible for ‘destroyed mankind'',rather become 'martyr'.
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Follow the money and will become easy to prove wrong doing by Sam Bankman-Fried.
SBF is a Conman like BernieMadoff
RT FTX diabolical crimes and January6thCmte members complicit wealthy include corrupt nato Ukraine Zelensky use UkraineRussiaWar for profit usak USA NewYearsResolution
Sounds about right! Lock’im up with Madoff, Epstein & Trump mizzionpozzible