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FTX founder 'took more than $US10b from customers'

Summary by Ground News
Sam Bankman-Fried took more than $US10 billion ($A16 billion) from unsuspecting customers of his now-bankrupt FTX cryptocurrency exchange, a US prosecutor has said in opening statements at the former billionaire's fraud trial. Prosecutors say he used FTX customer money to prop up his hedge fund, Alameda Research, buy luxury real estate, and donate to US political campaigns and candidates.

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The West AustralianThe West Australian
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FTX founder 'took more than $US10b from customers'

Prosecutors in New York FTX founder Sam Bankman-Fried used customer money from the exchange's launch until its bankruptcy in order to prop up his hedge fund.

·Australia
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PerthNowPerthNow

FTX founder 'took more than $US10b from customers'

Prosecutors in New York FTX founder Sam Bankman-Fried used customer money from the exchange's launch until its bankruptcy in order to prop up his hedge fund.

·City of Perth, Australia
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The West Australian broke the news in Australia on Wednesday, October 4, 2023.
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