FTX Trust Seeks to Claw Back $1B From Genesis Digital

FTX Sues Genesis Digital to Recover $1.15B in Lost Funds

The FTX Recovery Trust, a group managing the bankruptcy estate of FTX, has launched legal action to recover funds that were allegedly misused before the collapse of the exchange.

FTX Bankruptcy Lawsuit Targets Genesis Digital Assets in $1 Billion Clawback

FTX sues Genesis Digital Assets to recover $1B, alleging Sam Bankman-Fried misused funds for inflated crypto mining investments.

FTX Recovery Trust Sues Genesis Digital to Recover $1.15 Billion

The FTX Recovery Trust has taken legal action against Genesis Digital Assets and several people linked to the company. They’re asking the court to help recover around $1.15 billion that they believe was transferred under suspicious circumstances. The lawsuit is being handled in the US Bankruptcy Court in Delaware and is tied to the ongoing fallout from the collapse of FTX. What the Trust Claims Happened According to the filing, Sam Bankman-Fried…

FTX Seeks $1.15 Billion From Genesis Digital In New Bankruptcy Lawsuit - FinanceFeeds

Allegations Against Genesis Digital The entity managing bankrupt crypto exchange FTX has filed a lawsuit in Delaware’s U.S. Bankruptcy Court to recover more than $1 billion it claims was misappropriated by former CEO Sam Bankman-Fried. The complaint, lodged Monday, accuses Genesis Digital Assets, its affiliates, and co-founders Rashit Makhat and Marco Krohn of receiving $1.15 billion in customer funds during 2021 and 2022, at the height of the b…