SBF Transferred at Least $4B to Alameda Research Including Customer Deposits, Reuters Reports

SBF used customer deposits to prop up Alameda Research, Reuters reports.

In May and June this year, Alameda Research suffered a series of losses from deals, according to three people familiar with its operations. These included a $500m loan agreement with crypto lender Voyager Digital.

To prop up Alameda Research, SBF transferred at least $4b in FTX funds, secured by assets including $FTT and shares in trading platform Robinhood. Two of the people said that a portion of these FTX funds were customer deposits, but the value couldn't be determined.

Source

FTX

SBF

Alameda Research

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