FTX Customers File Class Action to Lay Claim to Dwindling Assets

FTX Customers File Class Action to Lay Claim to Dwindling Assets
An FTX logo and a representation of cryptocurrencies are seen through broken glass in an illustration taken on Dec. 13, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company’s holdings of digital assets belong to customers.

The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company.