🚀 FTX Trading has filed a lawsuit against former CEO Sam Bankman-Fried (SBF) and his team to recover over $1 billion in lost funds! 😲👨⚖️ Between 2020 and 2022, SBF and its team allegedly committed fraud by using customer funds for purposes such as purchasing luxury apartments and financing pet projects. 🏢💸
- SBF and Zixiao "Gary" Wang transferred $546 million in funds to buy Robinhood shares.
- Caroline Ellison transferred approximately $29 million to pay herself bonuses.
Current FTXCEO John Ray claims that the company repeatedly misdirected customer funds and left former management $8.7 billion in debt. 🔍📊
- SBF and Zixiao "Gary" Wang transferred $546 million in funds to buy Robinhood shares.
- Caroline Ellison transferred approximately $29 million to pay herself bonuses.
Current FTXCEO John Ray claims that the company repeatedly misdirected customer funds and left former management $8.7 billion in debt. 🔍📊