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FTX bankruptcy report: Australian influencer loaned it more than $13 million to avoid litigation

Odaily星球日报

June 9

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Odaily Planet Daily News According to News.bitcoin, according to FTX's bankruptcy report, FTX lent more than $13 million to Alex Saunders, an Australian Internet celebrity, with the aim of helping him pay off investor debts and avoid potential damages to his reputation. avoid litigation. FTX's bankruptcy report claims that Australian influencer Alex Saunders received a $13.2 million (A$17.5 million) loan from the exchange in July 2021. The advance will reportedly help Alex Saunders pay your debts to creditors. The report contradicts earlier claims by Alex Saunders, who said he raised a large sum of money (approximately $11 million) from retail investors, friends and family. The funds were transferred to cryptocurrency wallets that he controlled. At the time, Alex Saunders informed his followers that the money would be used to develop cryptographic protocols. However, he allegedly reneged on his promise after transferring a large amount of funds to FTX. According to investigator Robert J. Cleary's report that Saunders squandered his creditors' funds while trading on FTX.com led some investors to sue. FTX was reportedly willing to lend Saunders millions of dollars to avoid damage to its reputation and avoid litigation.