FTX founder diverted customer funds from the start of his cryptocurrency exchange to support his hedge fund and to make venture investments, real estate purchases, and political donations, the SEC alleged in a lawsuit filed Tuesday.
Tag: cryptocurrency exchange
‘Wave’ of FTX Lawsuits Expected, With Investors Expected to Face Legal Challenges
A lawsuit filed by FTX account holders in the United States is likely to be the first of many over billions of dollars in losses on the cryptocurrency exchange.