Sam Bankman-Fried spent $200M in FTX customer funds on investments, feds say
Indicted FTX founder Sam Bankman-Fried used customer cash from sister firm Alameda Research to invest $200 million in two separate companies, according to a report. One of Bankman-Fried’s investments went toward the banking app Dave, which disclosed a $100 million windfall last March that…
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