New FTX CEO Tells Reps Indicted Founder Lent Himself $1B

By Jessica Corso (December 13, 2022, 10:06 PM EST) — Now-indicted FTX founder Sam Bankman-Fried signed off on at least $1 billion in loans to himself before resigning as CEO of the cryptocurrency exchange, the bankruptcy specialist appointed to clean up the failed company told the U.S. House of Representatives on Tuesday….

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