FTX Sues Founder Sam Bankman-Fried, Seeks to Recoup Over $1 Billion

FTX Sues Founder Sam Bankman-Fried, Seeks to Recoup Over $1 Billion

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion (nearly Rs. 8,200 crore) they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried’s…