Cryptocurrency change FTX secretly funded media firm the Block for over a yr with cash despatched to the Block’s chief government, Axios reported, citing sources.
The Block’s staff had been beforehand unaware of the funds, in accordance with the report.
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FTX didn’t instantly reply to a Reuters request for remark, whereas FTX’s former Chief Government Sam Bankman-Fried didn’t reply to a telephone name and textual content message in search of remark.
Regulators across the globe, together with within the Bahamas the place FTX relies and within the United States, are investigating the position of FTX’s high executives within the agency’s gorgeous collapse, Reuters beforehand reported.
The crypto change filed for chapter final month after a liquidity disaster that noticed at the least $1 billion of buyer funds vanish.
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