Sam Bankman-Fried Uses $400M in FTX

US prosecutors claimed that Sam Bankman-Fried (SBF) made investments using $400 million of deposits from FTX clients.

US prosecutorsby Sam Bankman-Fried ( SBF) FTX customers Using his $400 million depositclaimed to have invested.

The legal and financial processes of the FTX collapse that shook the crypto money market last year continue. The destruction caused by the cryptocurrency exchange has caused millions of investors to suffer. US federal prosecutors scrutinized the SBF as part of the litigation process. Finally, an allegation made by prosecutors came to the fore. According to this claim, SBF used the deposits of FTX customers as a source for its investments.

Sam Bankman-Fried Seizes FTX Clients Assets

Sam Bankman-Fried, former CEO of FTX ( SBF), is fighting ongoing fraud and manipulation charges against him.

US prosecutors, SBF’s venture capital ( VC) company with Investing in Modulo Capital He claimed that he used the deposits of the FTX exchange to These deposits consist of investments from FTX customers. Also, if the size of the deposits used is It’s $400 million.

Prosecutors, He noted that Modulo Capital has become a key piece in the investigation. . During the difficult times of the crypto money market, Modulo attracted attention with the large investments it collected.