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Sam Bankman-Fried extracted at least $300 million from his failed cryptocurrency exchange FTX



Sam Bankman-Fried extracted at least $300 million from his failed cryptocurrency exchange, FTX, and questions are raging as to whether there’s still more alleged looting to be uncovered, and, if so, will any of it ever be paid back.

While Sam Bankman-Fried, 30, has cultivated a scruffy, do-gooder image, bankruptcy documents show that FTX raised some $421 million from investors, only to have him siphon off $300 million — with some of the money used to fund the purchase of a $16.4 million vacation home for his parents in the Bahamas.

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nypost.com   
11-24-22