Cryptocurrency exchange FTX has filed a lawsuit against K5 Global, Olympus Capital, SGN Albany, and several other entities and individuals, alleging that FTX founder and former CEO Sam Bankman-Fried (SBF) conspired to defraud the exchange of $800 million.
According to the information shared from the official Twitter account of users who demanded their receivables from FTX, the following statements were included in the statement:
“FTX has moved to reclaim $800 million from K5 Global, Olympus Capital, SGN Albany and others.
The defendants are also charged with aiding and abetting the SBF, dishonest aid and unjust enrichment.”
FTX moves to claw back $800 million from K5 Global, Olympus Capital, SGN Albany et al.
Defendants are further accused of aiding and abetting SBF, dishonest assistance and unjust enrichment. pic.twitter.com/IPcDEtuFxL
— FTX 2.0 Coalition (@AFTXcreditor) June 22, 2023
FTX's lawsuit against SBF is one of the most important criminal cases in the crypto industry. SBF faces 13 federal charges of fraud, conspiracy, money laundering, bank fraud, bribery and campaign finance violations stemming from FTX's alleged plot to manipulate its funds and assets and manipulate the crypto market.
*Not investment advice.
