SBF Received $2.2B Mainly from Alameda Research, FTX Discloses
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FTX and its affiliated debtors filed Schedules of Assets and Liabilities and Statements of Financial Affairs for all debtor entities involved in their Chapter 11 proceedings. The file disclosed $3.2 billion in payments and loans to former FTX executives, chiefly from Alameda Research, including:
- ~$2.2 billion to Sam Bankman-Fried
- ~$587 million to Nishad Singh
- ~$246 million to Gary Wang
- ~$87 million to Ryan Salame
- ~$25 million to John Samuel Trabucco
- ~$6 million to Caroline Ellison
According to FTX, the amounts exclude over $240 million spent on purchasing luxury property in the Bahamas, political and charitable donations made directly by the FTX debtors, and substantial transfers to non-debtor subsidiaries in the Bahamas and other jurisdictions. Although some of the property purchased with the proceeds of these transfers is already in the control of the FTX debtors or governmental authorities with whom the FTX debtors are cooperating, the amount and timing of eventual monetary recoveries cannot be predicted at this time.
