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Centered on private source cited by the Wall surface Road Diary, the chief Government of Alameda Research, Caroline Ellison, told team you to definitely Bankman-Deep-fried are conscious FTX got borrowed the customers’ money to help you Alameda to assist it meet its liabilities. ] one to Alameda due FTX from the $10 billion, which was shielded because of consumer financing kept by FTX whenever FTX got, at that time, $16 billion inside buyers assets. The newest supply mentioned that the bucks transferred incorporated customers finance and you will that it was evidently backed by FTT and you will shares inside the Robinhood. In the November 2022, Binance Chief executive officer Changpeng Zhao found to your Facebook you to definitely their firm implied to sell the holdings of FTT, FTX’s token, and that brought about a surge in the buyers distributions from FTX one to FTX are unable to satisfy, similar to a bank work at.
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