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FTX used $200 million of customer funds for venture capital investments, SEC complaint shows

January 2, 2023 Robert Harrington

Collapsed crypto exchange FTX  used $200 million of customer funds to make two venture capital investments, according to a Securities and Exchange Commission complaint. 

Two separate investments of $100 million each were made via FTX Ventures and "were funded with FTX customer funds that had been diverted to Alameda," the filing said. READ MORE

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rharrington@bullseye.consulting

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