Stephanie Jones for Forbes; Photo by Lam Yik/BloombergBankruptcy filings released Thursday morning detailed billions in loans to Bankman-Fried, including to an entity he controlled. Here’s where at least some of that money likely went. FTX bankruptcy filings released Thursday revealed that FTX founder Sam Bankman-Fried, his cofounder Gary Wang and two other executives received a total of $4.1 billion in loans from his Alameda Research trading firm. Of that total, $1 billion went to Bankman-Fried in the form of a personal loan, while $2.3 billion went to an entity he controls, Paper Bird (Bankman-Fried has told Forbes that he owns 75% of the entity, with Wang owning the rest)—so that’s another nearly $1.73 billion at Bankman-Fried’s disposal. FTX’s Director of Engineering Nishad Singh got his own loan of $543 million, while Ryan Salame, the co-CEO of FTX’s Digital Markets subsidiary, received a $55 million personal loan. The obvious question: Where did all that money go? There are three principal areas we know about so far: political donations, personal investments and the buyout of rival Binance’s stake in FTX. Bankman-Fried made political contributions worth $40 million during the 202… Click below to read the full story from Forbes
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