Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter

Ryan Salame sang like a canary.

Salame, FTX’s former co-CEO, warned Bahamian regulators on Nov. 9 that FTX transferred funds to Alameda Research to “cover financial losses,” according to court filings.

The regulators wrote in the filing:

The Commission understood Mr. Salame as advising that the transfer of clients’ assets in this manner was contrary to the normal corporate governance and operations of FTX Digital. Put simply, that such…