Alameda Ex-CEO Hid Billions in Loans to FTX Execs
Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge in her guilty plea for her role in the exchange's collapse.
Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge in her guilty plea for her role in the exchange's collapse. He has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability and he has not entered a plea.