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FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings

The class-action lawsuit accuses the bankrupt crypto exchange's executives of intentionally misappropriating customer funds to fund risky strategies and their lavish lifestyles.

Updated May 9, 2023, 4:05 a.m. Published Dec 28, 2022, 2:28 p.m.
FTX founder and former CEO Sam Bankman-Fried (Nikhilesh De/CoinDesk)
FTX founder and former CEO Sam Bankman-Fried (Nikhilesh De/CoinDesk)