FTX's ongoing legal troubles have intensified with a new lawsuit targeting both the cryptocurrency exchange and its legal counsel, Sullivan & Cromwell (S&C), for their roles in alleged fraudulent activities. Investors have accused S&C of aiding and abetting FTX's fraudulent schemes, which purportedly included the secret creation and sale of Tether stablecoins as part of a profit-making scam. This lawsuit adds to the mounting legal challenges for FTX, which has been accused of market manipulation and contributing to its own collapse. In related news, Swiss crypto hedge fund Tyr Capital, raided by a Swiss prosecutor, faces allegations of criminal mismanagement and ignoring risk warnings related to its dealings with the now-bankrupt FTX, further complicating the legal landscape surrounding FTX's downfall.
Swiss crypto hedge fund Tyr Capital is battling its client, TGT, over its dealings with bankrupt crypto exchange FTX, according to a report. https://t.co/VFI3eNZlfy
if FTX really sold locked SOL at a discount and now we’re getting crushed because the buyer is hedging out the discount on perps that would be maybe the most bullish explanation for the weakness
$SOL finally getting dumped by FTX? ayyy lmao https://t.co/lqssVezK0n
ICYMI: Crypto hedge fund Tyr faces allegations of ignoring FTX risk warnings: FT https://t.co/JLUzBbzzw1
Everyone really sold Eth and moved to solana at the bottom of Eth and top of solana eh Lmfao
Raided by a Swiss prosecutor, Tyr Capital Partners is facing accusations of criminal mismanagement due to its ties to FTX https://t.co/nueHtv1T33
Crypto hedge fund Tyr faces allegations of ignoring FTX risk warnings: FT https://t.co/PIUpkocSCn
Swiss crypto hedge fund Tyr Capital is battling its client, TGT, over its dealings with bankrupt crypto exchange FTX, according to a report. By @parikshitm899. https://t.co/BMLx0fNt8D
Nothing to see here. FTX fraud was literally spawned by the Tether fraud. If you lost money on FTX, you’re a Tether victim. https://t.co/nosX7fFBel
S&C Under Fire: FTX’s Bankruptcy Legal Counsel Faces Lawsuit The now-bankrupt exchange’s investors have filed lawsuits against S&C, accusing the law firm of aiding and abetting fraudulent activities that contributed to the exchange’s collapse. https://t.co/7wPP6P28AV
Don't worry guys, Tether fraudsters are working on a new market manipulation/damage control plan as we speak! Not to worry, billions of Tether fraud bucks are on their way to the rescue and calm everyone down from the FUD!
FTX's legal drama continues with a new lawsuit, alleging how the firm secretly created and sold Tether stablecoins as part of a profit-making scam https://t.co/nNuDO83aBL
FTX Investors Claim Sullivan & Cromwell 'Aided' and Encouraged Fraud https://t.co/JyMsDiIMi6