While the FTX collapsing exchange has entered bankruptcy, Reuters reported that between one billion and two billion dollars of customer money has disappeared from the encrypted currency exchange.
According to the analysis conducted by Reuters and Wall Street Journal, the CEO of the FTX encryption exchange, Sam Benkman Fried, transferred $ 10 billion from customer money from his cryptocurrency exchange to the Alameeda Research, according to what was seen by “Al Arabiya. net”.
Alamida, who was also founded by Benkman Farid, is a sister company for FTX. These relations are now under investigation by multiple regulatory bodies, including the Ministry of Justice, as well as the Securities and Exchange Committee, which is investigating how FTX treats customer money, according to multiple reports.
Two sources spoke to Reuters that many billion dollars that were sent to Alamida “have been disappeared since then.
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The report revealed that both exporters “operate high positions in FTX until this week” and added that “they were briefed on the company’s financial affairs by senior employees. ”
One of the sources estimated the gap at about $ 1. 7 billion. The other places it within limits between $ 1 billion and 2 billion dollars.
“I do not agree to describe the transfer of 10 billion dollars from customer money to my private company,” Benkman wrote in a text message to “Reuters”, adding that it was “not transferred secretly. ”
Last Sunday, Benkman Friday held a meeting with NASO executives to consider FTX books and know the amount of cash the company needs to cover the gap in its public budget.
On Sunday, Benkmandraid said in a tweet that FTX agents demanded about $ 5 billion in clouds, which he described as “the largest in a huge margin. ” That was the day of the emergency meeting of Benkman Friday in the capital of the Bahamas.
According to the heads of the FTX organizational and legal teams at a meeting, where Benkman Friday revealed multiple data schedules showing the cash amount lended by FTX for Alaededa and for any purpose, according to Reuters.
These documents, which seem to reflect the latest financial status of the company, have shown the transfer of $ 10 billion of FTX customer deposits to Alamida. They also revealed that some of these funds – estimated between $ 1 billion to $ 2 billion – cannot be calculated within the assets of Alamida.
A “back door” was also revealed in FTX records created using a “dedicated program”.
The two sources, who spoke to Reuters, described the matter as a method that former CEO, Bantan Fried, can make changes to the company’s financial registry without reporting the deal, whether internally or externally. Theoretically, this mechanism could be banned, for example, to reveal an amount of $ 10 billion transferred to Olaida to its internal compliance team or to external auditors.
Bancan Friday denied the implementation of the so -called back door..
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