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FTX spent $40M on food, flights, and hotels in just 9 months: Court filings

Published 01/09/2023, 12:39 AM
Updated 01/09/2023, 02:20 AM

FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings revealed.

In bankruptcy court documents reviewed by Business Insider, FTX Digital Markets went through $40 million between January to September 2022, just two months before the company filed for bankruptcy citing liquidity issues.

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