New Delhi, $ 1 billion (Rs 8054 crore) of customers have disappeared from the poor crypto exchange platform FTX. Sam Bankman Freud, the founder of the exchange, transferred about $10 billion of clients to his trading company, Alameda Research. According to Reuters, a large part of this amount has not been known since then. According to people associated with the case, this amount is $ 1.7 billion. At the same time, many people are considering it between 1 billion and 2 billion dollars.

Bankman Freud shared the company's financial data with other executives last Sunday, in which this glitch has come to the fore. Reuters has given this information by quoting two people sitting in high positions in FTX. Those people say that Freud gave these figures while providing financial information about the current state of the company.

company is bankrupt

This week there was a huge withdrawal from FTX, after which the company submitted documents for bankruptcy on Friday. The company's rescue deal with another crypto exchange Binance also could not be completed. On the question of Reuters transferring $10 billion, Bankman Fried said that it was not a secret transfer. He said that this confusion had arisen due to mislabeling. He said in a tweet on Friday that he was surprised to see the way developments unfolded this week. According to the bankman, he will soon write full details on this matter.

Billionaires who lost the most money in a day

His wealth fell sharply on Tuesday after Binance announced the purchase of FTX, falling from $15.2 billion to $99 million in a single day. This was the biggest drop in the wealth of any billionaire in a single day. Let us tell you that Freud has been a student of the Massachusetts Institute of Technology in America. He entered the world of crypto in 2017 but before that he had worked as a broker on Wall Street.