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He's been plastered across the news. Embezzling a hundred million dollars will get you some notoriety.
by rtkwe 3y ago
He's been plastered across the news. Embezzling a hundred million dollars will get you some notoriety.
- FireBeyond 3y agoIt's much more than that. In one transaction alone: > Another $413 million had gone directly to Bankman-Fried himself, through his wholly-owned company Paper Bird.
- rtkwe 3y agoI did a quick search and the first result was clipped saying 100 million but it was from a longer sentence that was about one instance. I thought it was billions but trusted the quick googling instead.
- FireBeyond 3y agoI think it will end up being in that region. Certainly billions lost, but the open question is "how big a subset of that is the amount embezzled?"
- rtkwe 3y agoHowever much was shuttled out the back door between FTX and Alameda Research at least.
- pcthrowaway 3y agoLast I heard, prosecution and specialists handling the FTX assets had recovered most of the assets which were considered embezzled/lost. This article says $7.3 Billion have been recovered: https://www.reuters.com/technology/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12/ https://www.reuters.com/technology/bankrupt-crypto-exchange-...