FTX Used Billions in Customer Funds to Buy Back Binance Stake

“Oh, yes,” Easton said when asked by the court whether FTX ever spent user deposits. The professor testified these user deposits were reinvested into businesses and real estate, used to make political contributions and donated to charity, as reported.

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• Source: https://www.coindesk.com/policy/2023/10/19/ftx-used-billions-in-customer-funds-to-buy-back-binance-stake/?utm_medium=referral&utm_source=rss&utm_campaign=headlines