Alameda Owes FTX about $10 Billion

FTX founder SBF told an investor this week that Alameda owes FTX about $10 billion and that FTX lent billions of dollars worth of client assets to fund Alameda Research's venture capital, according to The Wall Street Journal. It is reported that FTX has $16 billion in client assets and has lent more than half of its client money to its sister company Alameda.