FTX Debtors have recently revealed a series of financial statements that show any transactions that benefited company executives prior to the major cryptocurrency exchange’s collapse in November 2022.
The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and Alameda Research within one year preceding the collapse of FTX. In March 2022, a transaction of $2.51 million was directed from the company to the American Yacht Group, benefiting former Alameda Research co-CEO Sam Trabucco. Trabucco confirmed ownership of a boat while informing his followers about his resignation in an August 2022 tweet.
The filing also revealed that Bankman-Fried and Wang purchased Robinhood shares in April 2022, totalling $35,185,242. They continued their acquisitions in May 2022, spending an additional $19.45 million. Bankman-Fired held a 90% share ownership, with Wang owning the remaining 10%. On Aug. 31, Robinhood completed the purchase of 55,273,469 shares for roughly $606 million. Following the purchase announcement, Robinhood’s CFO Jason Warnick declared that the company is happy with the result. However, the disclosures are limited to fiat currency.
FTX Debtors have revealed financial statements that show transactions that benefited company executives prior to the major cryptocurrency exchange’s collapse in November 2022. The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and Alameda Research. It also revealed that Bankman-Fried and Wang purchased Robinhood shares in April and May 2022, with Bankman-Fired holding a 90% share ownership and Wang owning the remaining 10%. Robinhood completed the purchase of 55,273,469 shares for roughly $606 million in August. The disclosures are limited to fiat currency.
This News Article was automatically generated by Bob the Bot (AI)
The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and Alameda Research within one year preceding the collapse of FTX. In March 2022, a transaction of $2.51 million was directed from the company to the American Yacht Group, benefiting former Alameda Research co-CEO Sam Trabucco. Trabucco confirmed ownership of a boat while informing his followers about his resignation in an August 2022 tweet.
The filing also revealed that Bankman-Fried and Wang purchased Robinhood shares in April 2022, totalling $35,185,242. They continued their acquisitions in May 2022, spending an additional $19.45 million. Bankman-Fired held a 90% share ownership, with Wang owning the remaining 10%. On Aug. 31, Robinhood completed the purchase of 55,273,469 shares for roughly $606 million. Following the purchase announcement, Robinhood’s CFO Jason Warnick declared that the company is happy with the result. However, the disclosures are limited to fiat currency.
FTX Debtors have revealed financial statements that show transactions that benefited company executives prior to the major cryptocurrency exchange’s collapse in November 2022. The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and Alameda Research. It also revealed that Bankman-Fried and Wang purchased Robinhood shares in April and May 2022, with Bankman-Fired holding a 90% share ownership and Wang owning the remaining 10%. Robinhood completed the purchase of 55,273,469 shares for roughly $606 million in August. The disclosures are limited to fiat currency.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Wang, Sam Trabucco, Jason Warnick, Bankman-Fried |
| Companies | Alameda Research, FTX, American Yacht Group, Bankman-Fried, Wang, Robinhood |
| Currencies | None |
| Securities | None |
