Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
FTX sues Anthony Scaramucci and SkyBridge Capital

FTX sues Anthony Scaramucci and SkyBridge Capital

CryptotickerCryptoticker2024/11/10 03:30
By:crypto newsPrasanna Peshkar

In a surprising legal move, FTX has filed a lawsuit against Anthony Scaramucci and his investment firm, SkyBridge Capital. This comes as FTX works to recover funds after its massive collapse in 2022, which left customers facing billions in losses. The lawsuit is part of FTX’s effort to address financial damage and secure assets as it navigates through bankruptcy. In this article, we’ll look at why FTX is taking this step, what it could mean for Scaramucci and SkyBridge, and how it fits into FTX’s broader recovery efforts.

FTX bankruptcy estate takes legal action against Anthony Scaramucci and SkyBridge Capital

FTX has launched a lawsuit against Anthony Scaramucci and his firm, SkyBridge Capital, aiming to recover over $100 million from investments made by Sam Bankman-Fried. These investments include funding for several SkyBridge funds and a large sponsorship for Scaramucci's SALT conference. According to FTX, Scaramucci allegedly saw Bankman-Fried as an easy spender, willing to invest significant sums with minimal scrutiny.

The lawsuit also names Scaramucci’s partner, Brett Messing, and claims they sold off Bitcoin and Solana tokens acquired through an FTX investment without proper clearance. FTX argues that this sale, which reportedly benefited SkyBridge, made no financial sense for FTX. Now, with those tokens worth more than $120 million, FTX is seeking to reclaim those funds.

In total, FTX wants to recover $12 million from the SALT sponsorship, $55 million from two other investments in SkyBridge entities, and additional damages related to the alleged unauthorized token sales. The suit also seeks to block a $45 million bankruptcy claim from SkyBridge, arguing that this amount was already paid to them as part of Bankman-Fried's investments.

FTX Takes Legal Action Against Crypto Exploiter

FTX has filed a lawsuit against Nawaaz Mohammad Meerun, accusing him of carrying out a series of large-scale exploits on their platform. Among these, the lawsuit highlights manipulations involving less liquid coins like BTMX and MobileCoin, claiming Meerun raked in over a billion dollars through these schemes.

FTX’s lawsuit paints a picture of Meerun as someone with deep ties to organized crime networks across Poland, Romania, and Ukraine, along with links to money laundering operations and Ponzi schemes that go back over a decade. It also alleges connections to extremist networks involved in financing illegal activities, adding to the severity of the claims.

Interestingly, even after FTX’s collapse , Meerun didn’t slow down. The lawsuit claims he continued his exploits under the alias “Humpy the Whale,” reportedly launching a governance attack on a cryptocurrency lending platform, specifically Compound, in June 2024.

Meerun’s tactics, according to the lawsuit, included using several accounts with quirky, food-related aliases like "motherofallburgers@protonmail.com" and "donerkebabveryspicy@int.pl" to manipulate prices on tokens like BTMX, MOB, BAO, TOMO, SXP, and KNC. This pattern of alleged activity showcases his continued involvement in crypto manipulations.

The lawsuit aims to recover hundreds of millions of dollars that, according to FTX, Meerun improperly took from the platform, violating its terms of service. FTX also seeks to reclaim nearly $30 million in transfers made just before bankruptcy and to block two bankruptcy claims filed by Meerun, totaling over $13 million.

In a surprising twist, the lawsuit reveals that Meerun—despite allegedly siphoning millions—filed a $13 million bankruptcy claim for funds still on the platform. The claim, the lawsuit states, was filed openly with his name , address, and verified identity documents. FTX pointedly comments that Meerun was “apparently not satisfied” with his substantial pre-bankruptcy gains.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!