Alameda, FTX executives said to know FTX using customer funds, WSJ reports

Alameda Research’s chief executive and senior FTX officials knew that FTX had lent its customers’ money to Alameda to help it meet its liabilities, The Wall Street Journal’s Dave Michaels, Elaine Yu, and Caitlin Ostroff, citing people familiar with the matter. Alameda’s troubles helped lead to the bankruptcy of FTX, the crypto exchange founded by Sam Bankman-Fried. Alameda is a trading company also founded and owned by Bankman-Fried, the authors note. Reference Link