​FTX top manager warned Bahamian authorities about fraud two days before the exchange went bankrupt

🗣 The head of the FTX crypto exchange in the Bahamas, Ryan Salame, told the local regulator about the potential fraud of the platform two days before filing for bankruptcy.

He told the Bahamas Securities Commission (SCB) that FTX was sending client funds to an affiliated trading firm, Alameda Research.

According to Salameh, the assets were supposed to "cover Alameda's financial losses, and the transfer was not agreed upon with users."