A trust working to recover funds for FTX creditors is appealing a ruling allowing a former employee recruited by Sam Bankman-Fried to direct $650,000 in bonus pay to an effective altruism-tied nonprofit.
The FTX estate, which this week lost a fight in the US Bankruptcy Court for the District of Delaware to Ross Rheingans-Yoo over his decision to send Chapter 11 recovery funds to nonprofit 1Day Sooner Inc., filed notice Thursday that it would have a higher court review the challenge.
The dispute, which will head to a Delaware federal district court judge, concerns the allowance of Rheingans-Yoo’s creditor claim ...
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