According to three persons familiar with its activities, Sam Bankman-Fried’s trading company, Alameda Research, sustained a string of losses from deals, Reuters reported this morning.
At least $4 billion in FTX money were moved by Bankman-Fried, who secured the transfers with FTT and stock in trading platform Robinhood Markets Inc. (HOOD).
Two of the guys claimed that some of these FTX monies came from consumer deposits. These assets’ exact value could not be ascertained as at the time of filling this report.
