To Support Alameda Researcher, FTX had spent the customer’s fund Among Other Assets in May

In terms of Reuters's report, a part of FTX’s customer fund was spent to support Alameda Research, which was gained from FTX’s customer depositing.

Sam Bankman-Fried (FTX’s Founder) has transferred at least $4 billion in FTX’s funds, which was guaranteed by assets it included FTT tokens and also stock in terms of treading on the platform: Robinhood Markets Inc (HOOD).

In this fact, some of these FTX funds were deposited by customers who are confident with them but unable to determine these asset volumes certainly.

This transaction happened after Alameda had suffered losses from deals in May and June, which included the loan contract with Voyager Digital, the report said. Referring to three people familiars who related to this operation.

Bankman-Fried tried to hide his non-transparent action from other administrators in FTX due to undisclosed transferring assets to Alameda Research. Because of this fact, he was afraid of anyone knowing this secret.  

As you know, Now Binance CEO Changpeng Zhao (CZ) decided to withdraw from the purchase of FTX.com under liquidity pressure. It is related to a result of issues beyond their unable control or ability to help anymore. 

ref. Binance on Twitter: 

Source detail: coindesk.com