- FTX creditors have disclosed transactions that benefited senior executives at FTX and Alameda Research.
- The disclosures include financial details prior to FTX’s collapse in November 2022.
- Even though data related to payments and property transfers are provided, absolute accuracy is not guaranteed.
FTX creditors have revealed a series of financial statements that expose transactions benefiting company executives shortly before the cryptocurrency exchange’s collapse in November 2022.
However, the data’s absolute accuracy is not guaranteed, and responsibility for any inaccuracies or omissions is not accepted. The disclosures only cover fiat and crypto transactions and do not include crypto assets.
Payments Made Raise Eyebrows
In a recent application to the United States Bankruptcy Court for the District of Delaware, various payments that directly benefited senior company executives at FTX and Alameda Research were disclosed, particularly payments or property transfers made within a year prior to FTX’s collapse. However, FTX creditors state that there is no guarantee of the absolute accuracy or completeness of the data and do not accept any responsibility for any errors or omissions.
Robinhood Shares Acquired by FTX
Along with this development, it is emphasized that the disclosures are only about the extent to which fiat currency and crypto transactions can be tracked. The statement made included the following expressions:
Conclusion
Meanwhile, it was announced that several cash payments were made to former FTX executives, including Sam Bankman-Fried and Gary Wang, as well as former FTX engineering director Nishad Singh, former FTX marketing director Darren Wong, and former FTX business director Constance Wang, within twelve months prior to the collapse.
