The lawsuit said the defendants continually misappropriated funds to finance luxury condominiums, political contributions and other "pet projects" while committing alleged fraud.
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
The lawsuit said the defendants continually misappropriated funds to finance luxury condominiums, political contributions and other “pet projects” while committing alleged fraud.
FTX sues Bankman-Fried, others to recoup more than $1B inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
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.