FTX Launches Lawsuit Against Hong Kong Affiliate
The bankrupt exchange is suing former employees of Salameda, a Hong Kong-incorporated company previously associated with the FTX group.
They are seeking to recover $157.3 million, which they claim was fraudulently withdrawn shortly before the exchange filed for bankruptcy.
The lawsuit names former employees and two other companies, alleging that they owned accounts on FTX and FTX US and withdrew funds during the “preference period” just before FTX’s bankruptcy filing.
The court filing asserts that these transfers were intended to hinder, delay, or defraud FTX US’s creditors and occurred shortly before FTX suspended non-fiat user withdrawals on November 8, 2022.
The lawsuit names former employees and two other companies, alleging that they owned accounts on FTX and FTX US and withdrew funds during the “preference period” just before FTX’s bankruptcy filing.
The court filing asserts that these transfers were intended to hinder, delay, or defraud FTX US’s creditors and occurred shortly before FTX suspended non-fiat user withdrawals on November 8, 2022.
