FTX Sues Crypto Miner Genesis Digital Assets for $1.15B

FTX sues crypto miner Genesis Digital Assets for $1.15B

Former FTX CEO Sam Bankman-Fried invested over $1 billion in a crypto mining company based on shoddy paperwork and “red flags,” according to the firm in charge of recovering funds for FTX creditors.

FTX Recovery Trust Sues Genesis Digital for $1.15 Billion

The post FTX Recovery Trust Sues Genesis Digital for $1.15 Billion appeared on BitcoinEthereumNews.com. FTX Recovery Trust sues Genesis Digital Assets for $1.15B, alleging Sam Bankman-Fried misused customer funds before collapse.   The FTX Recovery Trust has launched a major lawsuit against crypto mining company Genesis Digital Assets (GDA), as part of its ongoing effort to recover lost funds for creditors.  The complaint, filed in the US Bankru…