CFTC: Sam Bankman-Fried Designed Alameda With Unlimited Credit Line To FTX Deposits

At one point, FTX reallocated Alameda’s approximately $8 billion in liabilities to a customer account that the former FTX chief would later refer to as “our Korean friend’s account.” US Commodity Futures Trading Commission joined the growing list of authorities going after the former FTX chief Sam Bankman-Fried related to the scheme he allegedly ran … Continue reading CFTC: Sam Bankman-Fried Designed Alameda With Unlimited Credit Line To FTX Deposits