FTX Sues Founder Sam Bankman-Fried, Seeks to Recoup Over $1 Billion

FTX sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion (INR value) they allegedly misappropriated before FTX went bankrupt. FTX said the defendants continually misappropriated funds to finance luxury condominiums, political contributions, speculative investments and other “pet projects.”

Author: . [Source Link (*), Gadgets 360]

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