Skip to content
Wealth
Crypto

Sam Bankman-Fried’s Alameda Research Repaid Stimulus Money

Trading house at the center of FTX’s collapse was approved for roughly $370,000 in April 2020. The loan is getting fresh attention on social media.

Sam Bankman-Fried, founder and chief executive officer of FTX.

Sam Bankman-Fried, founder and chief executive officer of FTX.

Photographer: Ting Shen/Bloomberg
From

There’s at least one creditor who Sam Bankman-Fried paid back.

Alameda Research LLC, the trading house at the center of Bankman-Fried’s imploding crypto empire, was approved for a $370,518 loan from the Paycheck Protection Program in April 2020. The program was intended to help companies keep workers employed during the early Covid lockdowns. The loan is listed as “paid in full,” according to a government database.