FTX Sues Founder and Former Leaders, Seeking $323M Refund

Coin Gabbar06 Feb, 2025Business

FTX has filed a lawsuit against its founder and former executives, seeking a $323 million refund over alleged mismanagement and fraudulent transactions. The lawsuit claims that funds were misused, contributing to the exchange’s collapse. FTX aims to recover assets to compensate creditors and investors affected by its downfall. This legal battle highlights ongoing efforts to hold key figures accountable for financial misconduct. As the case unfolds, the crypto community watches closely for potential repercussions on the broader industry and regulation.