News 📰 : Between 1 billion and 2 billion of FTX customer funds have disappeared.
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Reuters reports that between 1 billion to 2 billion of customer funds have vanished from the failed crypto exchange.
According to Reuters and The Wall Street Journal, Bankman-Fried, who is currently the ex-CEO of FTX, transferred 10 billion in customer funds from his cryptocurrency exchange to the firm that trades digital assets known as Alameda Research.
Much of the 10 billion sent to Alameda “has since disappeared,” according to two people speaking with Reuters.
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