FTX Sues Ex-Salameda Employees for $157.3 Million!
The post FTX Sues Ex-Salameda Employees for $157.3 Million! appeared first on Coinpedia Fintech News
Crypto exchange FTX has filed a lawsuit against former employees of Salameda to recover $157.3 million. The Hong Kong-incorporated entity was controlled by FTX’s ex-CEO, Sam Bankman-Fried, and allegedly participated in fraudulently withdrawing assets from FTX in the days leading up to its November 2022 bankruptcy filing. The filing also alleges that the defendants exploited their connections to FTX personnel to ensure they were prioritized over other customers. This is not the first time FTX has attempted to recover payments from related parties, with Bankman-Fried and his executives, parents, and philanthropic arm all previous targets.
