FTX Bankruptcy Estate Sues Sam Bankman- 'Misappropriated Funds

The court is to award the FTX estate damages, the return of the property, or payment made to the parents.

Bankrupt crypto exchange FTX has sued founder and former CEO Sam Bankman-Fried's parents.

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Recover millions of dollars in fraudulently transferred and misappropriated funds.

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The return of any property given or payment made to the parents by FTX in the past.

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FTX punitive damages resulting from "conscious, willful, wanton, and malicious conduct.

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FTX Trading paid $18,914,327.82, inclusive of taxes, fees, and costs, for Blue Water.

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Bankman and Fried deployed their decades of experience as sophisticated law professors.

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FTX alleged that either or both of them may have expensed $1,200-per-night hotel stays.

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For More Details Click The Link Below

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