Before Bankman-Fried stepped down as CEO of FTX, he “secretly moved $10 billion in funds to [the] trading firm Alameda,” as reported by Reuters. Bankman-Fried co-founded Alameda, a crypto hedge fund, and is listed as the company’s owner. Reuters says spreadsheets surfaced that expose the “shift in funds” and about $1 billion to $2 billion of client money that isn’t accounted for.
