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where is the money Sam banquet fried was spending the money he didnt have throwing wild parties in the Bahamas purchasing a 30 million dollars Penthouse at Albania Resort where Tiger Woods hosts a golf tournament every year and 15 properties worth nearly 100 million dollars giving free meals to FTX employees borrowing billions in customer funds from FTX using customer money to cover losses and placing risky bets it was pretty clear pretty soon that this you know um this misappropriation of user funds the user funds are gone where did the money go there are principal areas we know about so far the buyout of rival binances stake in FTX sponsorships political donations personal Investments and the relationship between Alameda research and FTX on November 6 winanss founder and CEO Chiang ping Zhao tweeted as part of binances exit from FTX Equity last year binance received approximately 2.1 billion dollars USD equivalent in cash most of the 2.3 billion dollars loan from Alameda to the
