A forensic accountant at the trial of Sam Bankman-Fried tried to explain what happened to $9 billion in FTX customer funds that were missing in June 2022, five months before the company filed for bankruptcy.
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FTX paid Tom Brady $55 million for 20 hours of work over 3 years: biographyHow Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 yearsJailed FTX founder Sam Bankman-Fried turns on his celebrity endorsersPeter Easton, an accounting professor at the University of Notre Dame, said Wednesday that $11.3 billion in FTX customer funds were supposed to be held at Alameda Research, but only $2.3 billion were actually in its bank accounts. The funds were ultimately used for a variety of purposes, including investments at Anthony Scaramucci’s SkyBridge Capital and Lily Zhang’s Modulo Capital, he said.
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