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.
