Alameda loaned SBF $1B: FTX bankruptcy filing

Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. Chapter 11 filing will look to implement controls on accounting, auditing, cybersecurity, human resources and other systems. The debtors have only secured "a fraction of the digital assets" they had hoped to recover. Cold wallets containing $740 million of cryptocurrency have been obtained, but it's not clear which silo the funds belong to. (Read More)
from Blockchain News https://ift.tt/CrHqRv9