FTX diverted $200 million of customer money for two venture deals that caught the SEC's attention

As Sam Bankman-Fried was using FTX customer money for all sorts of risky trading and lending, he was also making large venture investments.

from US Top News and Analysis https://www.cnbc.com/2022/12/28/ftx-used-200-million-of-customer-funds-for-two-venture-investments.html
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