FTX Targets Major Players in New Lawsuits: A Quest to Reclaim Billions and Restore Investor Trust
In a significant legal move, FTX’s bankruptcy estate has initiated 23 new lawsuits against major entities including Binance, Anthony Scaramucci’s SkyBridge Capital, and Crypto.com, as well as a lobbying group backed by Mark Zuckerberg, Fwd.us. This aggressive legal strategy seeks to reclaim billions of dollars vanished in the cryptocurrency exchange’s unexpected downfall last year. FTX, which was once a dominant player in the cryptocurrency market, faced a catastrophic collapse in 2022, leading to a loss of over $8 billion of investor funds. The newly filed lawsuits, including a major claim against Binance and its former … Read more