According to TechFlow, on November 13, Forbes reported that as FTX’s bankruptcy estate administrator tried to recover funds for creditors, it had filed 23 new lawsuits against Binance, Anthony Scaramucci, SkyBridge Capital, Crypto.com, and even Fwd.us, a lobbying group supported by Mark Zuckerberg.
The lawsuits allege that the funds transferred to these organizations were part of a larger "influence buying campaign" orchestrated by FTX founder Sam Bankman-Fried. According to the lawsuit, Bankman-Fried funneled money into politics and traditional finance through sponsorships, investments, and donations to enhance his own reputation while obscuring FTX's growing financial instability.
The lawsuit alleges that the payouts provided “little to no benefit” to FTX or its creditors and were primarily intended to maintain the illusion of financial stability as the company grappled with severe holes in its balance sheet.
