Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion (roughly Rs. 18,200 crore) to company founder Sam Bankman-Fried through related entities, the company’s new management said.
Overall more than $3.2 billion (roughly Rs. 26,560 crore) was transferred through payments and loans to company founders and key employees, FTX said in a statement on Wednesday.
These payments were made chiefly from Alameda Research hedge fund, FTX said, adding that it made these disclosures by filing schedules and statements of financial affairs with the bankruptcy court.
The crypto exchange said the transfers did not include over $240 million (roughly Rs. 1,990 crore) spent to purchase a luxury property in the Bahamas, political and charitable donations made directly by the FTX debtors, and substantial transfers to non-debtor units in the Bahamas and other jurisdictions.
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