FTX Trust Sues Genesis Digital for $1.15B: Fraudulent Deals Uncovered

TLDR FTX Trust has filed a lawsuit against Genesis Digital seeking to recover $1.15 billion in lost funds. The lawsuit claims that Genesis benefited from fraudulent transactions orchestrated by Sam Bankman-Fried. FTX Trust accuses Bankman-Fried of using FTX’s funds for reckless investments in Genesis Digital at inflated prices. The Trust argues that Bankman-Fried’s actions were [...]

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