FTX: hush money have been used

FTX: hush money used as bait

28 June 2023

Category

FTX accused the previous regulatory saying that he did “hush money” payments. He did this to prevent employees from disclosing problems linked to exchange’s issues.

The prosecution has taken legal actions.

The defendant in question is Daniel Friedberg who held many roles at FTX: from chief regulatory officer to general counsel at Alameda Research (Sam Bankman-Fried’s  cryptocurrency trading).

FTX affirmed that Friedberg was a “mediator” for Sam Bankman-Fried -co-founder of FTX.

In fact, Sam’s father suggested him to give Friedberg a central role on their society.

“Joe Bankman, Bankman-Fried’s father, urged Bankman-Fried and others to give Friedberg a central role and to keep Friedberg ‘in the loop…so we have one person on top of everything.”

Friedberg still in FTX for 22 months during which received a salary equal to $300.000, a signing bonus of $1.4M, a cash bonus of $3M and an 8% equity on FTX US. 

STAY TUNED!

SOURCE: CoinTelegraph

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