According to the filing, FTX issued more than $725 million worth of equity to Bankman-Fried, former CTO and Co-Founder Gary Wang, Director of Engineering Nishad Singh, and former Alameda Research CEO Caroline Ellison. Of this $725 million, $447.8 million allegedly went to Singh, and the lawsuit documents how it was recorded as a loan between Singh, trading arm Alameda and FTX.
Source: https://www.coindesk.com/policy/2023/07/21/ftx-leadership-seeks-return-of-over-1b-in-cash-stocks-from-former-executives/?utm_medium=referral&utm_source=rss&utm_campaign=headlines