FTT - FTX Takes Legal Action Against Former Employees Of Hong Kong Affiliate Seeks $157M | Benzinga
Bankrupt crypto exchange FTX (CRYPTO: FTT) has initiated legal action against former associates of Salameda, a Hong Kong-based entity reportedly under the direct control of the crypto exchange's former CEO Sam Bankman-Fried.
The lawsuit alleges that these associates illicitly withdrew approximately $157.3 million.
This unfolding coverage is a testament to the complexities and challenges of the digital asset industry, a topic that will be further delved into at Benzinga's Future of Digital Assets conference on Nov. 14. The conference seeks to address the multifaceted nature of digital assets and the evolving regulatory landscape.
The court documents cite Michael Burgess, Matthew Burgess, Lesley Burgess, Kevin Nguyen, Darren Wong, and two companies they managed for operating multiple accounts on FTX.com ...