The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and blockchain startup Mysten Labs in September 2022

The SEC says FTX made two $100M investments using customer funds in fintech company Dave in March 2022 and blockchain startup Mysten Labs in September 2022

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Of the billions of dollars in customer deposits that disappeared from FTX in a flash, $200 million was used to fund investments in two companies, according to the Securities and Exchange Commission, which charged founder Sam Bankman-Fried with "orchestrating a scheme to defraud equity investors."…

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