FTX Seeks $98.8 Million Recovery From Ex-Digital Markets Chief

FTX Trading Ltd. has sued one of Sam Bankman-Fried’s top lieutenants, Ryan Salame, for misappropriating as much as $98.8 million in fiat and cryptocurrency the fallen firm said he collected ahead of the exchange’s collapse.

Salame, the former FTX digital markets chief, aided and abetted breaches of fiduciary to FTX and its affiliates along with Bankman-Fried and some of his other top officers, FTX said in a suit filed Monday in the US Bankruptcy Court for the District of Delaware. Salame used funds transferred from FTX to buy luxury cars, a jet, and real estate, and to make political contributions, ...