FTX Founder Bankman-Fried Allegedly Borrowed Funds To Purchase Robinhood Stake

FTX Founder Bankman-Fried Allegedly Borrowed Funds To Purchase Robinhood Stake

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Former FTX CEO Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase a stake in Robinhood Markets, according to court records. In an affidavit delivered to a Caribbean court before his detention, Bankman-Fried stated that he and FTX co-founder Gary Wang…

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