Joseph Bankman Complained About His $200K FTX Salary, Landed a Multi-Million Dollar Payout

Joseph Bankman, was unhappy with his $200,000 salary from the crypto exchange FTX as he believed he was supposed to be paid $1 million annually. Joseph Bankman was unhappy with his $200,000 salary from FTX instead of the expected $1 million, so he complained to the US head of administration and involved Sam Bankman-Fried's mother by emailing Sam about the issue, saying he wanted to put Sam's mother "on this." After Joseph Bankman lobbied Sam, FTX gifted $10 million to Joseph Bankman and Barbara Fried from Sam Bankman-Fried's trading company Alameda Research. FTX also deeded a $16.4 million property in The Bahamas to Joseph Bankman and Barbara Fried, paid for with funds from FTX.