FTX used $200 million of customer funds for venture capital investments, SEC complaint shows

Dec 29 2022 by Business Insider

 
FTX used millions of dollars of customer funds on two venture capital investments.

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FTX spent $200 million of customer funds on two venture capital investments, per the SEC.  It invested $100 million each in fintech company Dave and Web 3 firm Mysten Labs.  The deals disclose how FTX diverted customer funds from the exchange to Alameda Research. 

Collapsed crypto exchange FTX  used $200 million of customer funds to make two venture capital investments,...

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