Sam Bankman-Fried Personally Collected $300,000,000 After Raising Funds for Bankrupt FTX Last Year: Report

Sam Bankman-Fried Personally Collected $300,000,000 After Raising Funds for Bankrupt FTX Last Year: Report


The disgraced founder of FTX reportedly personally took in hundreds of millions of dollars last year after a funding round for the embattled crypto exchange.

According to a new Wall Street Journal report, FTX launched a $420 million funding spree in October 2021, telling high-profile investors that the money would be used to grow the crypto exchange, improve the experience of its customers and capture the interest of regulators.

However, the report highlights that nearly 75% of the funds raised went to the pockets of FTX founder Sam Bankman-Fried. According to The Wall Street Journal, Bankman-Fried personally collected $300 million by selling some of his shares in the company.

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People close to the matter say that Bankman-Fried told investors back then that the money would

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