FTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Executives

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

.FTX_Official's leadership says SBF_FTX and other former exchange executives fraudulently moved over $1 billion in value from the company. Now they want it back. thesamreynolds reports

The estate for bankrupt crypto exchange FTX is looking to recover over $1 billion in cash and shares from founder Sam Bankman-Fried and other executives it alleges were fraudulently transferred to themselves.

It also says that Gabriel Bankman-Fried, Sam’s brother, planned to purchase the nation of Nauru – a small island northeast of Australia – with FTX Foundation funds, and more than $100 million in political donations to both parties and political action committees were made from funds mixed with FTX customer money.with the U.S. Attorney’s Office of the Southern District of New York, is accused of awarding herself a $22.5 million bonus at the height of FTX’s crisis last November.

Recently, the U.S. Department of Justice asked a court to silence Bankman-Fried from making out-of-court statements about the case after he

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Post-FTX, senators want Gensler to do more to police crypto industryA powerful Senate Democrat and outspoken Republican on a committee that controls the Securities and Exchange Commission's pressed the SEC chair about doing more to police the crypto industry.
Source: TheBlock__ - 🏆 464. / 53 Read more »