And to think this guy is in his parent’s home and not in jail. The US legal system is a joke.
Today in the Southern District of New York in the bankruptcy of FTX it was learned that SBF and his friends transferred over $3 billion to themselves before the company filed for bankruptcy.
Market Insider reported:
FTX cofounder Sam Bankman-Fried and five people in his inner circle took more than $3.2 billion from hedge fund Alameda Research and other parts of his crypto empire, according to its new bosses.
Former CEO Bankman-Fried and the FTX employees transferred the money to their personal accounts under the label “payments and loans”, FTX’s new management said in Wednesday filings to bankruptcy court.
Most of the funds came from Alameda, FTX’s sister trading arm, and were transferred before the crypto exchange collapsed in November, they said.
[…]
