Sam Bankman-Fried transferred at least $4 billion in FTX funds secured by assets including the crypto exchange’s FTT token and shares in the trading platform Robinhood Markets Inc (HOOD) to support Alameda Research after the trading firm suffered a series of losses from deals, according to three people familiar with its operations, Reuters reported Thursday.
Source: https://www.coindesk.com/business/2022/11/10/ftx-used-customer-funds-among-other-assets-to-prop-up-alameda-research-in-may-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines