Executive payouts: $3.2 billion
ED JONES / Getty Images Contributor
The most eye-watering sum of them all is the total amount paid from company coffers to the accounts of FTX and Alameda executives – $3.2 billion.
The majority of that, $2.2 billion, went to SBF himself, lawyers handling the bankruptcy case said.
$587 million went to Nishad Singh, FTX’s former director of engineering, and $246 million went to Zixiao “Gary” Wang, Bankman-Fried’s cofounder.
Then there was a further $87 million to Ryan Salame, FTX’s co-CEO, and $25 million to John Samuel Trabucco – while Alameda co-CEO Caroline Ellison took home $6 million.
Salame and Singh donated millions of dollars to politicians ahead of the 2022 midterm elections, but a criminal indictment unsealed last month said that those donations were actually Bankman-Fried’s doing.
He didn’t want to be known as partisan, so he instructed the two executives instead to donate money to certain candidates and political organizations, prosecutors wrote in the filing.
