Billion dollars in FTX customer funds “missing” as SBF’s transfers money to girlfriend

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Last Updated on 13 November 2022 by CryptoTips.eu

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Jack Brolin, better known by his identity Captain Hindsight, is a character in the animated series South Park who usually shows up after a disaster to inform everyone what should have been done.

In the past few days as questions surrounding the fall of Sam Bankman-Fried swirled all around, there have been many in the cryptosphere who have identified as Captain Hindsight. Most importantly were Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk.

Just like the South Park character, the “help” offered is by lecturing people about what they did wrong to get into a certain accident and what methods they could have used to avoid it, instead of actually rescuing them.

Buterin responded to a question during a crypto conference, in which he stated that SBF was just ‘pretending to be a good guy.’

Musk meanwhile responded to a tweet in which he was critical of Sam Bankman-Fried’s actual wealth when the FTX boss offered to purchase Twitter alongside him back in April of this year. All very helpful of course, but a bit late.

Advertentie.

Missing customer funds

Meanwhile it appears that some a billion dollars in customer funds have now been labelled as missing while Reuters reported to Bankman-Fried seems to have slushed some 10 billion dollars to Alameda Research just before the collapse of his fund. Even Bankman-Fried’s girlfriend, Miss Caroline Ellison, who runs Alameda as CEO, has now become a suspect because of this.

In text messages to Reuters, Bankman-Fried said he ‘disagreed with the characterization’ of the $10billion transfer and added ‘we didn’t secretly transfer. We had confusing internal labeling and misread it.’

True that whenever I transfer the kind of money that constitutes the GDP of a midsize city from one account to the other, I also tend to mislabel those transfers from time to time. Lol.

casarda / Depositphotos.com