Selling out before the collapse of FTX?

 Reuters:

FTX’s Sam Bankman-Fried cashed out $300 million during funding spree - WSJ

FTX founder Sam Bankman-Fried sold a stake in the company worth $300 million when the crypto exchange raised capital last year, the Wall Street Journal reported on Friday, citing the firm's financial records and people familiar with the transaction.

At the time, Bankman-Fried told investors it was a partial reimbursement of money he'd spent to buy out rival Binance’s stake in FTX a few months earlier, the report added.

Bankman-Fried and FTX did not immediately respond to Reuters' requests for comment on the matter.
...

There is much still to be learned about this collapse of a business.  It may be learned in litigation arising from the collapse of the business.

See, also:

"This Is Unprecedented": Enron Liquidator Overseeing FTX Bankruptcy Speechless: "I Have Never Seen Anything Like This"

And:

The Dem's FTX Scandal Is Only Just The Beginning 

And:

 Bombshell court filing claims Bahamas GOVERNMENT ordered fallen crypto CEO Sam Bankman-Fried to hack FTX systems and transfer assets to the island nation AFTER he filed for bankruptcy

 The collapsed cryptocurrency exchange platform FTX claims former CEO Sam Bankman-Fried 'hacked' its systems after filing for bankruptcy to transfer 'digital assets' to Bahamian regulators.

FTX lodged the motion in the US Bankruptcy Court in Delaware on Thursday saying it had evidence to suggest the Bahamas government ordered Bankman-Fried, 30, to gain 'unauthorized access' while in custody.

'In connection with investigating a hack on Sunday, November 13, Mr. Bankman-Fried and [FTX co-founder Gary] Wang, stated in recorded and verified texts that 'Bahamas regulators' instructed that certain post-petition transfers of Debtor assets be made by Mr. Wang and Mr. Bankman-Fried (who the Debtors understand were both effectively in the custody of Bahamas authorities) and that such assets were 'custodied on FireBlocks under control of Bahamian gov't,' the filing states.

'The Debtors thus have credible evidence that the Bahamian government is responsible for directing unauthorized access to the Debtors' systems for the purpose of obtaining digital assets of the Debtors—that took place after the commencement of these cases.'

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