Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions

Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by jzmorganchase on Thursday November 24, 2022 @02:04PM (#33735067)

Pretty wild but I worked with the other executive here Ryan Salame at a different company before he worked at Alameda/FTX a few year ago. He was a fairly junior so it's sort of surreal to see that he became co-CEO and had enough liquid wealth to be donating $20m+ for political campaigns.

[ Parent | on HN ]

Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by vkou on Thursday November 24, 2022 @03:47PM (#33736047)

Given how FTX was buying it's executives houses, I doubt that was his liquid wealth, I think he was just dipping into the FTX customer deposit piggy bank.

[ Parent | on HN ]

Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by jzmorganchase on Thursday November 24, 2022 @03:54PM (#33736115)

Yep that's the most likely scenario outside of secondary stock sales or personal sales of large amounts of FTT.

What's weird about him though is he wasn't listed as one of the "close insiders" who allegedly knew about the transfers of customers funds from FTX -> Alameda despite being "co-CEO" and there from the beginning of FTX's creation.

[ Parent | on HN ]