Daily Mail

SBF accused of looting £1.7bn at FTX


SAM Bankman-Fried transferre­d more than £1.7bn into his personal account before cryptocurr­ency exchange FTX collapsed, according to court filings.

The co-founder ( pictured), and five others in his circle, sent £2.6bn into their accounts under socalled ‘payments and loans’, bankruptcy court filings by the new managers shown.

FTX, once a £30bn exchange, collapsed in November, freezing customer accounts and sending the crypto market into a frenzy. It allowed users to buy and sell digital ‘coins’ like bitcoin and had around 9m users. BankmanFri­ed faces several charges, which he denies, related to the collapse as he is accused of looting FTX for personal gain, and securities fraud.

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