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FTX restructurers allege SBF, other execs knowingly commingled, misappropriated customer funds since inception

By Jacob Oliver at 2025-04-16 00:07

Sentiment: Negative

Court documents filed concerning the bankruptcy of cryptocurrency exchange FTX allege that its executives, including founder Sam Bankman-Fried, knowingly commingled and misused customer funds since the exchange’s inception. The documents, filed by FTX’s bankruptcy recovery leadership under CEO John J. Ray III, claim that Bankman-Fried, co-founder Gary Wang, Director of Engineering Nishad Singh, and others […] The post FTX restructurers allege SBF, other execs knowingly commingled, misappropriated customer funds since inception appeared first on CryptoSlate. Continue reading...

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