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FTX bankruptcy report: An Australian Internet celebrity borrowed more than $13 million to avoid lawsuits

According to the FTX bankruptcy report, FTX borrowed more than $13 million from an Australian Internet celebrity, Alex Saunders, to help him pay off investor debts to prevent potential damage to its reputation and avoid litigation. FTX's bankruptcy report says Australian Internet celebrity Alex Saunders took out a $13.20 million (A $17.50 million) loan from the exchange in July 2021. The advance payment was to help Alex Saunders repay debts with creditors. The report...

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2024-06-09 06:43:22
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