The post FTX drags Scaramucci, Storybook Brawl, others to court to recover funds appeared on BitcoinEthereumNews.com.

FTX has filed lawsuits against several individuals and entities in a bid to recover some funds for its creditors. The filing comes just a month after its reorganization plan was approved by a Judge. Some of the entities involved in the lawsuit include Skybridge Capital CEO Anthony Scaramucci, game developer Storybook Brawl, and some others. The lawsuit is an attempt by FTX to recoup some of the funds splurged by its previous CEO Sam Bankman-Fried on some of these entities. The firm said during the period he made the payments, the company was already insolvent. The adversary lawsuit argues that investments were worthless in some cases, and not equal to the value gained. FTX sues Anthony Scaramucci and Skybridge Capital FTX is dragging Anthony Scaramucci and his company, Skybridge Capital, to court over a variety of investments worth $100 million made by SBF. The former CEO invested in several properties owned by Skybridge, including the company’s funds. He also sponsored Scaramucci’s SALT conference. The filing noted that Scaramucci identified him as someone with the capacity to spend so much without asking questions. The filing also claimed that Scaramucci and another defendant, Bret Messing, sold some tokens that the firm bought via an investment from FTX. The filing said the investment made no sense, and both defendants sold the tokens without proper approval. The lawsuit claims the tokens are presently worth $120 million. FTX wants the court to order Scaramucci to repay $12 million from the SALT sponsorship, $55 million from investments in two entities, and damages due to the breach of contract from the sold tokens. The lawsuit also wants a $45 million bankruptcy claim made by Skybridge disallowed, noting a claim for the figure as part of SBF’s investment in the company. The filing includes Storybook Brawl, Meerun, Jean…

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Filed under: News - @ November 10, 2024 5:56 am