New managers say FTX transferred $2.2 billion to Bankman-Fried via related entities

According to Reuters, FTXs new manager said FTX made transfers of about $2.2 billion to the former CEO of the company Sam Bankman-Fried through related entities. On Wednesday, FTX released a statement. In the statement, the company claimed that more than $3.2 billion was transferred through payments and loans to company founders and key employees.

These payments were made chiefly from the Alameda Research hedge fund, FTX said, adding that it made its disclosures by filing schedules and statements of financial affairs with the bankruptcy court.

The crypto exchange said the transfers did not include over $240 million spent to purchase a luxury property in the Bahamas, political and charitable donations made directly by the FTX debtors, and substantial transfers to non-debtor units in the Bahamas and other jurisdictions.

A lawyer for Bankman-Fried declined to comment.

FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. FTX's new CEO, John Ray, has said his top priority was recovering assets to repay FTX customers.

Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to plug losses at Alameda Research and making tens of millions of dollars in illegal political donations to buy influence in Washington, D.C.