(Tiper Stock Exchange) – FTP extensionthe major cryptocurrency platform facing Chapter 11 bankruptcy proceedings, has announced that will quote its founder Sam Bankman-Fried and other former top executivesin an attempt to recover more than $1 billion which it is assumed was stolen in the case of financial fraud involving the exchange.
In addition to the founder have been mentioned Caroline Ellisonwho led Alameda Research, the former chief technology officer Zixiao “Gary” Wang and former technical director Nishad singh.
John Raythe expert manager of corporate restructuring, who replaced Bankman-Fried as head of FTX last November, he believes that the old management embezzled these resources to finance bonuses, luxury properties and speculative investments
and that it was set up “one of the largest financial frauds in history”.
Ray, who is a figure known to have gained experience with the world-famous crack of Enron, argues that the money must be returned to FTX’s creditors and thousands of customers who have been defrauded and who could not get their money back after the blocking of withdrawals announced by FTX.
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