Three groups have filed claims over the seized assets of Sam Bankman-Fried (SBF), including the FTX debtors' estate, which claims assets such as funds from Alameda Research and FTX Digital Markets, two private jets, funds at Silvergate Bank, political contributions, and proceeds from the sale of Robinhood shares. FTX's law firm Sullivan & Cromwell and new CEO John Ray III are accused of destroying value for creditors. After losing over $2M to FTX, an FTX creditor activist filed the first class action lawsuits against aiders and abettors. FTX customers have filed a counterclaim, asserting that some $8 billion in forfeited assets belong to them and not the bankruptcy estate. Victims view the bankruptcy process as a 'second act of theft.'
FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets - CoinDesk
Victims of the @FTX_Official collapse say some $8 billion of forfeited assets belong to them, not the bankruptcy estate, and asked a court to support their claim. By @amitoj https://t.co/CQhitMmRKJ
ICYMI: FTX debtors seeking SBF’s seized assets, customers file counterclaim Read the full article 👇 https://t.co/8W5dWtq0M6 https://t.co/en5scBMTm0
FTX debtors seeking SBF’s seized assets, customers file counterclaim https://t.co/kC4kPYUknO
Chatting w/ @sunil_trades about how FTX’s law firm Sullivan & Cromwell & new CEO John Ray III are destroying value for creditors. After losing over $2M to FTX, @sunil_trades became an FTX creditor activist, filing the first class action lawsuits against the aiders and abettors of… https://t.co/AnbF69JU3q
Ever since the FTX collapse, #crypto has witnessed many large settlements in legal cases. Let’s dig into a few of the big ones. 🧵 https://t.co/pbX6qIIJcH
THREE GROUPS FILE CLAIMS OVER SBF’S SEIZED ASSETS The FTX debtors' estate claims assets including funds from Alameda Research and FTX Digital Markets, two private jets, funds at Silvergate bank, political contributions, and proceeds from the sale of Robinhood shares. The estate… https://t.co/pboyQDC10v