Bankman-Fried received a $1 billion personal loan from his company

Sam Bankman-Fried, the founder of the FTX exchange and Alameda Research, a cryptocurrency trading platform, seems to have confused the bank and his companies.

Bankman-Fried received a $1 billion personal loan from Alameda, according to John Ray, the new CEO in charge of restructuring his empire, which went bankrupt on Nov. 11.

He is not alone: ​​the company that is a type of cryptocurrency hedge fundalso made a $543 million personal loan to Nishad Singh, an associate of Bankman-Friend, and $55 million to Ryan Salameh, co-CEO of FTX Digital Markets, one of FTX’s affiliates.

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