FTX Recovery Trust Sues Bitcoin Miner Genesis Digital for $1.15 Billion Over Fraudulent Transfers
FTX Recovery Trust initiates legal action in Delaware bankruptcy court against Genesis Digital Assets and affiliates. The suit targets $1.15 billion in transfers allegedly made using commingled customer funds under Sam Bankman-Fried’s direction. This clawback effort aims to bolster creditor recoveries amid ongoing FTX bankruptcy proceedings. The FTX Recovery Trust has filed a complaint against Bitcoin mining company...