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this is a bitcoin.com news update FTX co-founder SBF and Inner Circle accused of lavish spending and fraud in latest bankruptcy report an investigative report claims that ftx.com owed customers 8.7 billion dollars at the time of the bankruptcy petition it alleges that senior execs including SPF and an unidentified lawyer referred to as attorney one used undisclosed bank accounts to hide transactions FTX Executives allegedly spent approximately 243 million dollars on luxury real estate in the Bahamas the FTX group also allegedly directed 5.4 billion dollars in customer deposits to FTX trading limited through intermediary accounts what are your thoughts on the allegations against FTX co-founder SPF and executives let us know in the comments and be sure to check out news.bitcoin.com for the latest updates