On November 13, Reuters reported that prior to filing for bankruptcy Bankman-Fried covertly transferred $10 billion in customer funds from FTX to Alameda. And that between $1 to $2 billion went missing.
On Wednesday night, Bankman-Fried was extradited from the Bahamas and landed back in New York. And he will appear in a federal court in Manhattan to determine bail and face formal criminal charges including 8 counts of fraud.
