Cryptocurrency exchange FTX after the initiation of bankruptcy mysteriously "lost" up to $ 2 billion of its customers' money

Last week the FTX exchange initiated bankruptcy proceedings. After that, more than $1 billion disappeared from its accounts in an unknown way.

Here's What We Know

CNBC writes that Sam Bankman-Fried, the resigned CEO of the cryptocurrency exchange, has transferred $10 billion of client money to his company Alameda Research, which is also a subsidiary of FTX. The former executive himself is in the Bahamas, but plans to leave for the UAE.

The source claims that part of the $10 billion money has mysteriously disappeared. According to various estimates, the amount could be anywhere from $1 billion to $2 billion. Sam Bankman-Fried had no comment on this. Now the Securities and Exchange Commission (SEC) along with the U.S. Department of Justice are studying how FTX disposed of the assets of its clients.

Source: CNBC