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patrogizmo | 3 years ago

The new CEO of FTX just released a declaration: "Never in my career have I seen such a complete failure of corporate controls..."

"In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors"

Sam Bankman-Fried's hedge fund lent billions to... Sam Bankman-Fried (Paper Bird is his entity), so that's at least part of the answer where the money went.

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