FTX Trading Ltd. sued to claw back transfers valued at $153 million received by former employees of an FTX affiliate just before the cryptocurrency trading platform collapsed into bankruptcy.
Four former employees of Salameda Ltd., a Hong Kong-incorporated affiliate of FTX, used their personal connections to prioritize withdrawals of their funds and digital assets from FTX when it became clear last November that the company was in trouble, according to a complaint filed Thursday in the US Bankruptcy Court for the District of Delaware.
The complaint to claw back allegedly preferential transfers made in the 90 days before FTX sought ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.