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Defunct cryptocurrency exchange FTX and its sister company Alameda Research are seeking clawbacks from FTX’s philanthropic arm and other life science entities.
According to court documents filed on Wednesday, the firms are seeking to recover more than $71 million that was allegedly diverted from the FTX Foundation and “Latona” – a “sham non-profit company organized in the Bahamas” – for ex-FTX boss Sam Bankman Fried (SBF)’s personal aggrandizement and political influence….
Read More: Crypto Exchange FTX and Alameda Seek to Retrieve $71 Million from Philanthropic and Life Science Entities
According to court documents filed on Wednesday, the firms are seeking to recover more than $71 million that was allegedly diverted from the FTX Foundation and “Latona” – a “sham non-profit company organized in the Bahamas” – for ex-FTX boss Sam Bankman Fried (SBF)’s personal aggrandizement and political influence….
Read More: Crypto Exchange FTX and Alameda Seek to Retrieve $71 Million from Philanthropic and Life Science Entities
