FTX Trading Ltd on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt.
The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried's Alameda Research hedge fund; former FTX technology chief Zixiao "Gary" Wang; and former FTX engineering director Nishad Singh.
The alleged fraudulent transfers occurred between February 2020 and November 2022 when FTX filed for Chapter 11 protection, and can be undone--or "avoided"--under the U.S. bankruptcy code or Delaware law, FTX said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried and FTX Get Spoofed in New Animated Comedy Starring T.J. MillerLast year’s collapse of the rotten-to-the-core crypto exchange is the inspiration for an upcoming animated comedy called “FORTUN3' from toonstarhq starring nottjmiller
Read more »
T.J. Miller, Jon Heder to Star in Web3 Animated Comedy Inspired by Sam Bankman-Fried and FTXFrom Web3 story studio Toonstar, the series — which counts Amber Rose as an EP — will feature an A.I.-powered companion game and arrives amid tensions around the use of AI for striking actors and writers.
Read more »
Ex-Alameda CEO Caroline Ellison's Google Docs Diary Exposes Struggles Prior to FTX Collapse – Bitcoin NewsAfter her breakup with Sam Bankman-Fried, FTX co-founder, her enthusiasm for Alameda 'significantly decreased.'
Read more »
‘Fortun3’: T.J. Miller & Jon Heder To Lead Web3 Animated Workplace Comedy Series Inspired By Sam Bankman-Fried’s Crypto Firm CollapseJon Heder and T.J. Miller are to star in a web3 animated series inspired by the collapse of crypto bank FTX. Miller (Silicon Valley) has been cast to play a character inspired by Sam Bankman-Fried …
Read more »
Shaq Brings His Fried Chicken Chain to Chicago, While MJ Plans a Steakhouse in South KoreaShaq’s Big Chicken features a fried chicken sandwich made with Stan’s Donuts
Read more »