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BTC $62,956.40 -0.19%
ETH $1,878.54 -0.22%
BNB $604.19 -0.94%
XRP $0.9956 -0.85%
SOL $74.88 -0.96%
TRX $0.3313 +0.07%
DOGE $0.0697 -0.29%
ADA $0.1762 -0.83%
BCH $203.44 -0.19%
LINK $9.41 -1.69%
HYPE $57.46 +0.68%
AAVE $85.99 -0.69%
SUI $0.6737 -0.94%
XLM $0.1569 -1.07%
ZEC $487.25 -0.43%

$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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