Thursday, May 29, 2025

Latest

FTX Files Multiple Lawsuits to Recover Funds, Including $100 Million from Scaramucci

Bankrupt cryptocurrency exchange FTX has filed 25 lawsuits seeking to recover funds from various entities and individuals, including over $100 million from former White House communications director Anthony Scaramucci, his partner Brett Messing, and SkyBridge Capital.

The suits, filed in Delaware bankruptcy court, allege that FTX’s founder Sam Bankman-Fried made investments that “conveyed little to no benefit” to the company. The complaint against SkyBridge claims Bankman-Fried invested $67 million in various ventures when the fund was “seeking a bailout” after its assets under management had fallen from $9 billion to $2.2 billion.

The lawsuit also seeks to reclaim $12 million from a SALT conference sponsorship and alleges SkyBridge improperly sold bitcoin and Solana tokens worth approximately $120 million at current prices. Additionally, FTX disputes a $45 million bankruptcy claim by SkyBridge.

Among other notable defendants is Nawaaz Mohammad Meerun, alleged to have profited over $1 billion from manipulating the exchange. The lawsuit claims Meerun, who later filed his own $13 million bankruptcy claim against FTX, has ties to organized crime networks.

FTX is also pursuing $24 million from Good Luck Games, developer of Storybook Brawl, alleging the game never progressed beyond beta testing despite significant investment. Another suit targets Deltec Bank chairman Jean Chalopin over an $11.5 million investment in Farmington State Bank, which was reportedly the nation’s 28th smallest bank with a net worth of $5.7 million before rebranding as Moonstone and ultimately being directed to wind down by the Federal Reserve.

The lawsuits follow the recent approval of FTX’s reorganization plan, approximately two years after the exchange’s collapse. A representative for Scaramucci declined to comment.

Read: Court Greenlights FTX’s $16.5 Billion Customer Reimbursement Plan


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

In A Nutshell: How FTX Fell From Grace, According To Sam Bankman-Fried Himself

Much has been said about crypto exchange FTX and its embattled leader Sam Bankman-Fried on...

Tuesday, November 15, 2022, 12:57:00 PM

Sam Bankman-Fried Thinks Another FTT Token Is The Solution

The FTX founder seems to be trying to distract the crypto space from the Tether...

Friday, December 9, 2022, 11:15:00 AM

Sam Bankman-Fried’s Lawyers Request Adderall So He Can Concentrate In Trial

In the midst of the ongoing criminal trial of Sam Bankman-Fried, the embattled crypto founder,...

Monday, October 16, 2023, 12:49:00 PM

The Rise and Fall of FTX Explained

“I fucked up and should have done better” – that’s the tweet just sent out...

Saturday, November 12, 2022, 04:30:00 PM

The End Of ‘FTX Arena’: Miami-Dade County Changes Name to ‘the Arena’

A federal bankruptcy judge terminated the naming rights agreement between FTX and Miami-Dade County on...

Friday, January 13, 2023, 11:22:00 AM