The FTX and Alameda Research collapse in November 2022 led to significant losses for customers of the now-bankrupt exchange, totaling approximately $8 billion.
The legal filing reveals a series of investments and partnerships between former FTX CEO Sam Bankman-Fried and SkyBridge Capital. These included a $12 million sponsorship of Scaramucci’s SALT conference and a $10 million investment in the SkyBridge Coin Fund.
FTX’s lawsuit against SkyBridge and Scaramucci highlights questionable investments, breach of agreement terms, and alleged asset sales without permission. The bankruptcy estate aims to recoup over $100 million from the defendants.
Aside from this case, FTX has also initiated legal actions against KuCoin and Crypto.com to recover frozen assets worth millions.
