The FTX Management Team Was Aware of the Million Dollar Cryptocurrency Heist
Liar, liar – After reading these words, we thought that we were the only ones who knew that there was a mystery box. Spoiler: no. According to new information that has come to light, both Alameda Research and FTX knew that Sam Bankman-Fried had taken millions of dollars from Alamethere’s clients to save the company.
The FTX teams knew about the lies and tricks.
The Wall Street Journal is thought to Explain that Caroline Ellison, the managing director of Alameda Research, and the senior officials of FTX knew that the company was lending the money of its customers to the Alameda company by using the voices of its sources. This can be done by telling them that FTX lent money to the Alameda company from the money of its customers.
During a meeting with FTX employees that was filmed this week, Mr. Ellison is said to have said that she, Sam Bankman-Fried, Nishad Singh, who is the director of engineering at FTX, and Gary Wang, who is the CTO and co-founder of FTX, were at least aware of SBF’s decision to send money to Alameda. Gary Wang is also said to have been in the room when the meeting took place. During this meeting, which was recorded, Caroline Ellison said that FTX had to help Alameda so that he could pay off his debts.
Also, these comments are more proof that there is a secret passageway between Alameda and FTX that lets money be moved without anyone knowing. They also believe all of the lies that Sam Bankman-Fried has spread through his many social networks. Even though he had already used his customers’ money to help Alameda Research, SBF said on social media the same day and the next that its customers’ money could still be found in FTX’s wallets.
Alameda’s money problems seem to have been the spark that set off the explosive situation. Bringing up the fact that Caroline Ellison and his partner, Sam Bankman-Fried, did things that were not clear or clear-cut. For example, his staff was reportedly offered cheaper FTX shares. In particular, Caroline Ellison’s actions are being called into question.
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