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

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.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

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