Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange. Photo: Ting Shen/ Bloomberg FTX Sues Bankman-Fried and Ex-Executives in Bid to Recoup Alleged Fraudulent Transfers
The adversary proceeding in Delaware bankruptcy court accused the founder and others of "abus[ing] their control over the FTX Group to commit one of the largest financial frauds in history."
July 21, 2023 at 02:03 PM
3 minute read
Cryptocurrency
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.
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