FTX paid over $25 million to 7 whistleblowers to reach a settlement
ChainCatcher message indicates that, according to the published review report, FTX paid over $25 million to seven unnamed whistleblowers who discovered issues within the company.
One of the whistleblowers is described as a former executive of FTX.US, who believed that the FTX group "misled regulators and investors, lacking appropriate corporate structure," and made suggestions to executives like SBF. This individual resigned in September 2022 and agreed to a settlement worth over $16 million.
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