Скачать или смотреть Where Are The FTX Customers' Funds?

It's no longer news that FTX has crashed, and Sam Bankman-Fried has been arrested and is facing prosecution for his role in the collapse of the crypto exchange firm.

The former CEO and founder of FTX, Sam Bankman-Fried, was in charge of billions of dollars of customers' money that he can't, until now, account for. He was arrested in December by the Royal Bahamas Police Force and extradited to the United States. Bankman-Fried was charged with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, violation of campaign finance laws, and money laundering; he could face up to 115 years in prison if convicted on all counts.

He recently pleaded not guilty to all the charges and is out on a $250 million bond; however, the court specified that he has to live at his parent's house in California as part of the bond conditions. The $250 million bond is the most significant bond ever set in an American criminal trial. Nevertheless, it represents just a tiny amount of the total money Bankman-Fried either squandered or couldn't account for.

Bankman-Fried’s Investment
One of the first places you can say FTX customers' money went is into the numerous purchases and investments made by SBF when he was still CEO of the company. Bankman-Fried's FTX was worth more than $15 billion and held billions of customer funds. But he claimed to have transferred over half of these funds to Alameda Research, a sister company. He also bought into several crypto companies and used customer funds to invest in multiple companies.

The shocking news is, with the FTX collapse, all these billions of dollars and investments have suddenly disappeared. SBF filed for bankruptcy, and although he is more or less under house arrest following his $250 million bond fulfillment, customers whose money was misappropriated are not pleased that he is not in jail. They wonder about the rationale behind allowing someone responsible for the loss of billions of dollars an opportunity to enjoy Christmas and New year with his family.

Some have claimed that there is a government conspiracy to free him because he significantly financed the current US government's campaign. Others pointed to the fact that no upfront payment was made for the bail; instead, his parent's house was put up as security for the bond.

Bankman-Fried can only leave the house for exercise, mental health, and substance abuse treatment. He can welcome some visitors and have a security detail, but he has also surrendered his passport and is not allowed to possess a gun or any destructive weapon. To add to his arrest, he cannot make any transaction above $1000 without approval.

Although he wears an ankle monitor and is under supervision, he has claimed that he has received death threats. Still, the question on almost everyone's mind is, what happened to the billions of dollars customers invested in Bankman-Fried's FTX crypto exchange company?

Let's find out together...

#cryptoflix #ftx #sbf