https://cryptobriefing.com/ftx-fraud-who-are-sam-bankman-frieds-biggest-victims/
FTX customer funds were secretly used by former CEO Sam Bankman-Fried to bail out Alameda Research, resulting in an estimated $10 billion in losses.
As of July 2021, more than 60 investors, including virtual currency giants such as Coinbase Ventures, Sequoia Capital, and Paradigm, had invested $900 million in the exchange and are now suffering losses.
However, it was ultimately ordinary customers who suffered the most from the FTX collapse.
Be careful when investing in cryptocurrency!!
