FTX sues SBF and other former executives for allegedly misappropriating hundreds of millions of dollars

ChainCatcher news, FTX has sued founder SBF (Sam Bankman-Fried) and other former executives of the cryptocurrency exchange, seeking to recover hundreds of millions of dollars they allegedly misappropriated before FTX's bankruptcy.

The lawsuit filed in the Delaware bankruptcy court also names Caroline Ellison, the head of Bankman-Fried's Alameda Research hedge fund, former FTX chief technology officer Zixiao "Gary" Wang, and former FTX engineering director Kenneth K. Kenneth Wang (Zixiao "Gary" Wang) and former FTX engineering director Nishad Singh as defendants.