Attorneys representing the bankrupt cryptocurrency exchange FTX sued the company’s founder Sam Bankman-Fried and other former executives Thursday, arguing that the company leaders misappropriated hundreds of millions of dollars as part of a massive fraud scheme.

The lawsuit, which was filed as an adversary proceeding on the docket of the FTX bankruptcy case in Delaware, accused Bankman-Fried and his former colleagues Caroline Ellison, Gary Wang and Nishad Singh of “abus[ing] their control over the FTX Group to commit one of the largest financial frauds in history.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]