Reuters reveals at least $1 billion of client funds missing at failed crypto firm FTX | Reuters News Agency
Business & Finance

Reuters reveals at least $1 billion of client funds missing at failed crypto firm FTX

Reuters exclusively reported that at least $1 billion of customer funds have vanished from collapsed crypto exchange FTX. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to his trading company Alameda Research, according to sources who said a large portion of that total has since disappeared

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
crypto
Sign up for email updates
Subscribe
Sign up for email updates