FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion

FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion
Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas, on Dec. 21, 2022. Marco Bello/Reuters
Reuters
Updated:
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FTX Trading 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 Mr. Bankman-Fried’s Alameda Research hedge fund; former FTX technology chief Zixiao “Gary” Wang; and former FTX engineering director Nishad Singh.