Wall Street Journal: Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money. “The crypto exchange FTX went bust last year after executives spent billions in customer funds they had promised to safeguard. The tab was $7.7 billion, a Wall Street Journal analysis of company disclosures and legal filings shows. FTX founder Sam Bankman-Fried and senior staff spent customer funds on technology investments, luxury real estate and political contributions, among other things.”
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