FTX founder Bankman-Fried sued in US court over yield-bearing crypto accounts

2022/11/16 15:21

According to Reuters, FTX founder Sam Bankman-Fried has been sued in U.S. court by investors alleging the company's yield-bearing crypto accounts violated Florida law, according to court papers.

The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S.

When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in damages, the lawsuit alleges.

bullishbullishbullishBullishbearishbearishbearish1LikeShare
Disclaimer:The content above does not represent HTX's positions.,HTX does not provide any trading recommendations.。

Related Articles

  • Image

    Backpack Exchange acquires FTX EU, plans Q1 2025 launch

  • Image

    Which tokens could FTX dump on the market?

  • Image

    FTX’s FTT Token Spikes 43%, A Revival In The Works?

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Backpack Exchange acquires FTX EU, plans Q1 2025 launch

  • Image

    Which tokens could FTX dump on the market?

  • Image

    FTX’s FTT Token Spikes 43%, A Revival In The Works?