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FTX Trust sues Genesis Digital for $1.15B, alleging it enabled risky investments that contributed to FTX's 2022 collapse.
FTX Trust has filed a $1.15 billion lawsuit against bitcoin miner Genesis Digital, alleging the company facilitated reckless investments tied to Sam Bankman-Fried, contributing to the collapse of the FTX cryptocurrency exchange.
The lawsuit claims Genesis Digital failed to properly vet or monitor the flow of funds, enabling significant losses.
The case centers on transfers made during the period leading up to FTX's bankruptcy in 2022.
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FTX Trust demanda a Genesis Digital por $ 1.15B, alegando que permitió inversiones riesgosas que contribuyeron al colapso de FTX en 2022.