FTX director tried to withdraw $800,000 from exchange before collapse
Jessica SierNorth Asia correspondent
An FTX Australia director tried to withdraw $800,000 of his own money from the cryptocurrency exchange in the week that the company’s parent collapsed after failing to stem an $US8 billion ($12 billion) run on funds.
The attempted withdrawal by Jamie Kennedy is detailed in a creditors report published by KordaMentha this week. The collapse of FTX, once one of the world’s largest exchanges, has ultimately sent its founder, Sam Bankman-Fried, to prison.
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