• March 27, 2023


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Sam Bankman-Fried Receives $2.2B from FTX and Alameda Research in Payments and Loans

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The former CEO of FTX, Sam Bankman-Fried, and his inner circle have received a total of $3.2 billion in payments and loans, according to a company press release.

Caroline Ellison, the former head of the now-bankrupt sister exchange Alameda Research, was the lowest earner in the group, receiving only $6 million, whereas SBF himself was awarded $2.2 billion.

FTX CTO Nishad Singh was given $587 million, co-founder Gary Wang was given $246 million, former co-head of FTX Digital Markets Ryan Salame received $87 million, and Sam Trabucco, the former co-head of Alameda Research, was given $25 million.

This does not include additional expenses such as the $240 million spent on luxury real estate in the Bahamas, political donations, and transfers to subsidiaries.

In November 2022, new FTX CEO John Ray noted the company had no knowledge of or control over the movement of funds and related financial information.