FTX Debtors have disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.
In a recent court filing with the United States Bankruptcy Court for the District of Delaware, several payments that directly benefited senior company executives at FTX and Alameda Research were disclosed. Specifically payments or property transfers executed within one year preceding the collapse of FTX.
However, FTX Debtors state that there are no guarantees of the data’s absolute accuracy or completeness and disclaim any liability for errors or omissions.
Court Filing in the United States Bankruptcy Court for the District of Delaware. Source: Kroll
In March 2022, a transaction of $2.51 million was directed from the company to the American Yacht Group, benefiting former Alameda Research co-CEO Sam Trabucco.
Just a few months after this transaction, Trabucco confirmed ownership of a boat while informing his followers about his resignation in an August 2022 tweet.
The filing also revealed that Bankman-Fried and FTX co-founder Gary Wang purchased Robinhood shares in April 2022, totalling $35,185,242. They continued their acquisitions of Robinhood in May 2022, spending an additional $19.45 million. It discloses that Bankman-Fired held a 90% share ownership, with Wang owning the remaining 10%.
Recently, Robinhood declared that it has bought back all shares previously held by FTX and Alameda Research.
On Aug. 31, Robinhood completed the purchase of 55,273,469 shares for roughly $606 million. Following the purchase announcement, Robinhood’s chief financial officer Jason Warnick expressed the company’s satisfaction with the outcome:
“We are happy to have completed the purchase of these shares and look forward to executing on our growth plans on behalf of our customers and shareholders.”
Several cash payments were disclosed to executives including Bankman-Fried and Wang, as well as FTX director of engineering Nishad Singh, former FTX chief marketing officer Darren Wong, and former FTX chief operating officer Constance Wang, all within the twelve months prior to the collapse.
However, it notes that the disclosures are limited to fiat currency. “Responses to this question do not currently include all transfers of cryptocurrency, other digital assets or other assets,” it stated.
A Reform UK canvasser who used a racial slur against Rishi Sunak has called himself a “total fool” and said he has learned his lesson.
Footage from an undercover Channel 4 reporter showed Reform campaigner Andrew Parker using a discriminatory term about the prime minister, as well as saying the army should “just shoot” migrants crossing the Channel.
Mr Parker, who was canvassing in Clacton, where Reform leader Nigel Farage is standing, told Sky News the sting operation had “proper taught me a lesson”.
He said: “There’s lots of old people like me who are sick to death of this woke agenda… but on that particular day, I was set up and set up good and proper.
“It’s proper taught me a lesson – I was a total fool.”
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Pressed on his use of the racial slur, he said he was an “old man” and “I still use old words”.
“There’s no racism at all in it. I am a decent guy to be honest”, he added.
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In the Channel 4 report, Mr Parker can be heard using offensive language about the prime minister and also discussing migrants arriving in small boats in Deal, Kent
He said: “Army recruitment – get the young recruits there, with guns, on the f****** beach, target practice. F****** just shoot them.”
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Sunak ‘hurt’ over Reform race row
He also described Islam as a “disgusting cult”.
Mr Farage said he was “dismayed” by the “appalling” comments and has sought to distance himself from the campaigner, saying he was simply “someone who turned up to help” and “has nothing to do with the party”.
He has also used reports Mr Parker was a part-time actor to suggest the incriminating film was a “total set-up” – something Channel 4 has strongly denied.
Mr Parker himself says his volunteering for Reform was separate from his acting job – and claims he was “goaded” into making the comments.
A spokesperson for Channel 4 said: “We strongly stand by our rigorous and duly impartial journalism which speaks for itself.
Image: Farage has tried to distance himself from the comments
“We met Mr Parker for the first time at Reform UK party headquarters, where he was a Reform party canvasser.
“We did not pay the Reform UK canvasser or anyone else in this report. Mr Parker was not known to Channel 4 News and was filmed covertly via the undercover operation.”
The broadcaster’s investigation also caught another canvasser describing the Pride flag as “degenerate” and suggesting members of the LGBT community are paedophiles.
A spokesman for Essex Police said the force is “urgently assessing” the comments “to establish if there are any criminal offences”.
PM ‘hurt and angry’ over racial slur
Mr Sunak reacted furiously to the comments and said Mr Farage had “some questions to answer”.
He said: “My two daughters have to see and hear Reform people who campaign for Nigel Farage calling me an effing P***. It hurts and it makes me angry and I think he has some questions to answer.
“And I don’t repeat those words lightly. I do so deliberately because this is too important not to call out clearly for what it is.
“As prime minister, but more importantly as a father of two young girls, it’s my duty to call out this corrosive and divisive behaviour.”
Unrepentant Farage doubles down
However, Mr Farage was unrepentant when grilled on the row during a BBC Question Time leaders’ special, saying he was “not going to apologise” for the actions of people associated with his party.
Reform UK has faced a series of controversies relating to election candidates saying offensive or racist things.
Asked why his party “attracts racists and extremists”, the former UKIP leader claimed he had “done more to drive the far right out of British politics than anybody else alive” – claiming he took on the British Nationalist Party (BNP) a decade ago.
He also appeared to throw his predecessor Richard Tice under the bus when read racist and xenophobic comments made by Reform candidates, saying he “inherited a start up party” and has “no idea” why the people who said those things had been selected.
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