CEFIREGULATION

FTX Update | Latest report reveals: Alameda once transferred $3.2 billion to multiple executives, with SBF pocketing $2.2 billion alone

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FTX Update | Latest report reveals: Alameda once transferred $3.2 billion to multiple executives, with SBF pocketing $2.2 billion alone

FTX reorganized its team and released a press release on March 15th, stating that based on the latest balance sheets and financial statements, it has been determined that over $3.2 billion in funds and loans were transferred to founder SBF and key executives:

  • $2.2 billion: FTX founder Sam Bankman-Fried SBF

  • $587 million: Former FTX engineering director Nishad Singh

  • $246 million: FTX co-founder and CTO Gary Wang

  • $87 million: FTX Digital Markets FTX Bahamas entity Co-CEO Ryan Salame

  • $25 million: Former Alameda CEO Samuel Trabucco

  • $6 million: Former Alameda CEO Caroline Ellison

The reorganization team at FTX pointed out that these funds do not include:

  • Political and charitable donations

  • $240 million used to purchase a mansion in the Bahamas

  • Transfers of funds to non-subsidiaries in jurisdictions such as the Bahamas

The $3.2 billion figure shows a significant discrepancy from previous data, with earlier reports indicating that Alameda had allocated loans of only about $1.6 billion:

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  • $1 billion: SBF

  • $543 million: Nishad Singh

  • $55 million: Ryan Salame

The FTX reorganization team stated that they are unable to determine the recoverable amounts and dates, and will continue the forensic work related to these transactions.

FTX Creditor List Inquiry

An unofficial FTX Creditor account had previously forwarded an asset list of creditors on March 16th, covering all users' CID Customer ID and corresponding asset balances in various PDF documents.

CID is not the UID familiar to exchange users. Creditor users must search for their CID in the following PDF files using the asset balance they had with FTX at the end, for example, 0.87 BTC, and use 0.87 BTC as a keyword.

Subsequently, use the CID in the search tool "FTX Customers Search Tool" developed by Taiwanese developers to find all of your asset balances at once and verify if they match.

Related Lawsuit: KOLs Who Promoted FTX Facing Lawsuit

According to legal documents, a new collective lawsuit accuses several KOLs and seeks damages exceeding $1 billion. These KOLs had promoted FTX but later deliberately deleted all related videos. The defendants include:

The plaintiffs claim that these KOLs actively promoted FTX to millions of followers without disclosing it was a paid activity and deleted all videos praising FTX and SBF on YouTube.