According to CoinDesk, several members of the crypto community believe the cash was removed by someone in FTX founder Sam Bankman-close Fried’s circle. Bankman-Fried has not responded to the event. The stolen millions are in addition to at least $1 billion in client monies that disappeared from FTX before to the company’s bankruptcy filing. Reuters reports that Bankman-Fried “secretly moved” $10 billion from the cryptocurrency exchange to his trading firm Alameda Research. He allegedly revealed the financial disparity to other FTX officials on November 6th, only days before Binance launched and then abandoned its offer to save the company.
