A top FTX exec blew the whistle on Sam Bankman-Fried's moves just 2 days before the crypto exchange's collapse

Dec 15 2022 by Business Insider

 
Sam Bankman-Fried is escorted out of the Magistrate Court building after his arrest, in Nassau, the Bahamas, on December 13.

Dante Carrer/Reuters

An FTX exec told authorities about potential illegality at the crypto exchange 2 days before its bankruptcy. Ryan Salame said customer funds were being used to cover losses at trading firm Alameda, a filing showed. Former FTX CEO Sam Bankman-Fried was arrested by Bahamian authorities Monday to face fraud charges.

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Continue Reading A top FTX exec blew the whistle on Sam Bankman-Fried's moves just 2 days before the crypto exchange's collapse